EURUSD continued its sideways movement in a rang between 1.0352 and 1.0500. As long as 1.0500 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1299 (Nov 9 high) and another fall towards 1.0200 could be expected after consolidation. On the downside, a break of 1.0500 resistance will indicate that lengthier consolidation for the downtrend is needed, then further rally to 1.0700 area could be seen.
For more short term forex analysis and info visit via EURUSD Daily Analysis - December 28, 2016 . Thanks for your support.
No comments:
Post a Comment