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Weekly Overview on Majors' Price Action

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD – Continued towards 1.14000 Last Monday the price of EURUSD drew a corrective move which lasted for couple of days and stopped at the key level support from 1.1050. From Wednesday the price rallied 280 pips to reach 1.1340 and the upper line of an up channel. Currently the price is drawing another corrective move. This drop seems to be drawing a Flag pattern. This pattern usually signals a

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