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USDTRY continues to rally, 2.90 barrier is out

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro fell sharply yesterday, after recovery rally was capped at 1.0690, initial resistance zone, daily 10SMA / 4-hour Ichimoku cloud base and subsequent weakness dipped to fresh 7-month low at 1.0564. Bears dominate on all timeframes, favoring final push towards initial 1.0519 support, low of 13 Apr and key target at 1.0461, 2015low, posted on 13 Mar. The pair closed in red yesterday, but above psychological 1.06 handle, along with long-legged daily candle, signaling extended

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