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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD - Wandering around 1.0800 Bears proved to be once again stronger than bulls. The price of EURUSD bounced third time from the trend lined (marked with 2 on my chart), but it did not manage to break above 1.1000. The resistance proved to be stronger than buyers expected. The price dropped below 1.0900 and only found support at 1.0800. Currently EURUSD is wandering around this support level. 1.0800 was tested before, but it still is strong enough. A break and close below this support,

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