EURUSD neutral – Bounces off triangle support

FX:EURUSD   Euro / U.S. Dollar
46 0 0
EURUSD             1.1236 – neutral – Bounces off triangle support

EURUSD             is consolidating within a 5-week triangle range. The pair bounced off the 1.1104 support (September 23, 2015 low) through 1.1185 (200 day moving average)
to probe the 20 day moving average currently at 1.1233 which has been capping the last 5 days’ trading. Below 1.1104 would weaken towards 1.1016 (August 18, 2015 low) near the 6-month rising channel support.
However, a decisive break above the 1.1233 area would suggest there is scope for further momentum towards 1.1295 (September 24, 2015 range high) then 1.1323 (61.8% of the 1.1459/1.1104 fall) near term.
Intraday: neutral
Daily: neutral
Weekly: neutral

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out