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Weekly Overview on Majors' Price Action

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD – Against expectations The EURUSD has went against my previous expectations. Last Monday I was leaning towards a superior break,above 1.1437, and a rally towards 1.1500. The Euro has lost against the US dollar, and the price of the most traded currency pair dropped to the next support area, around 1.1217 The latest price action is showing an ascending Flag. In theory this is a signal of continuation for the previous move. A break below the lower

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