Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EURUSD - Breaking the Lows I was expecting last week for the EURUSD to be a bit lazier in the first part of the week. But it surprised me with a strong down move which started on the 4th. After breaking 1.0800 support, the drop continued towards the next round number level, 1.0700, where it found a good support. The price rallied back towards 1.0900 in the second part of the week. Today EURUSD is trading in a range of up to 100 pips around 1.0900. A good resistance level remains at 1.0993. A

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