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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Played with the investors As it moved mostly sideways last week, I have the feeling that the EURUSD played with the investors. The price managed to reach a higher high last week, but did not touch 1.1000 resistance levels. The up move was not strong enough to reach the round number level, while the dips were annihilating most of the winnings.At this point things tend to be clearer. The down trend line for the channel was broken and the price retested it. At the same time a new trend

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