Tuesday, January 27, 2015

EUR/USD weighed by plethora of technical resistance

EUR/USD weighed by plethora of technical resistance

  • Pair's recovery weighed by plethora of technical resistance

  • Current 1.13455 high, tries to sustain break of 1.1322 pivot point

  • Failure ahead of pivot at 1.1407

  • 50% & 61.8% fibo retraces of sell off from 1.1680 at 1.1359 and 1.1458

  • 100 HMA & 200 HMA at 1.1358 & 1.1474. Sell into rallies       

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