novvoll12
Long

EURUSD–Short-term bullish–Rises towards key weekly resistances

FX:EURUSD   Euro Fx/U.S. Dollar
52 0 2
EURUSD             1.1267 – Short-term bullish – Rises towards key weekly resistance cluster

EURUSD             rose from the 1.1086 swing low (August 31, 2015) to reclaim Tuesday’s 1.1230 high (September 8, 2015) and the 200 day moving average to suggest return of strength near term and open last week’s 1.1331 lower high (August 31, 2015) just beneath the February/May/June trendline (as marked on the weekly chart). A decisive break above there would confirm a triangle breakout and extend strength towards the key resistance cluster including the 1.1713 spike high (August 24, 2015) near the 16-month falling trendline (from May 5, 2014 peak) and the 1.1790 (38.2% retracement of the 1.3993/1.0461 entire fall near the 6-month rising channel upper bounds. The 1.1086 area should support the upleg. Below would negate the near-term bullish scenario.

Outlook:
Intraday: bullish
Daily: bullish
Weekly: neutral
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out