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investsoft
Sep 27, 2017 4:39 PM

EURUSD back to support zone 

Euro Fx/U.S. DollarFXCM

Description

EURUSD is in uptrend since April 17'. Now we are seeing correction to support zone near 1.17000. This support zone was appointed in august where we can see a lot of candles with bottom shadows. There was a place where buyers were took the initiative. At the end of august and in september EURUSD was in consolidation ended with decline. Candles with upper shadows were a sign of supply advantage. Now we must observing price action in support zone near 1.17000.
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