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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Continuing the sideways From the beginning of this year the price of EURUSD has been trading between two strong boundaries. The resistance is found at 1.0993, while the support is found at 1.0796. Nothing up until today manage to get the price out of this range. Giving the current price action, a strong signal for future movement I would consider to be a break out of this sideways move. A break below the support would signal a drop back towards 1.0700, while a break above 1.0993 could

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