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CapMoore
Mar 17, 2015 7:51 AM

Approaching Intra Day Resistance 

Euro Fx/British PoundFXCM

Description

After a sharp bounce off of Monthly S2
price is now approaching intra-day resistance
by the Kumocloud 0,7150-0,72 zone which
include Daily R1 at 0,7163. A daily close above
Daily R1 and the cloud may suggest further upside
aiming for Weekly R1. A close below Weekly
pivot point at 0,7112 may signal more downside
and a test of previous lows.
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