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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD - Back to support Last Monday I have seen that the price of EURUSD bounced back down before hitting the 1.1400 resistance, so I was expected for the price to continue the down move towards the key support area situated between 1.1000 and 1.1050. As forecasted, the price fell, but did not reach yet this area. Considering the fact that the main trend for this year is still up, the down fall might just stop around the 50% retracement (found in the

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