Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EURUSD - Back to 1.0800 Last week the EURUSD had another push to 1.1054, as expected, before dropping below the lower line of the Rising Wedge. The drop stopped at 1.0930 and jumped once more above 1.1000 before breaking below 1.0900 and plunging to 1.0800. The interest rate hike brought in USD buyers, but the move was not as impressive as it was two weeks ago. For the moment, 1.0800 is a very good support, which managed to hold the price above in the last couple of trading days. The current

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