CVecchioFX3e

Intraday Rally Carries EUR/USD into Key Resistance

FX:EURUSD   Euro Fx/U.S. Dollar
335 0 0
The intraday rally has reached a pivotal point with the pair trading back towards $1.1050/1.1175, prior support from August-October and resistance since the breakdown on October 22 (failed retests 10/28-10/30 and 12/9-12/15).Both daily MACD and Stochastics have turned higher into bullish territory, signaling accelerating topside momentum . In context of broader USDOLLAR             Index selloff, it looks like EUR/USD             may be shaking off its early-Q1'16 range. A weekly close through $1.1100 would be ideal for longs, although bulls will have to contend with the US NFP report on Friday before all is said and done.
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