Tuesday 12 September 2017

EURUSD: Fighting major resistance zone!

EURUSD: Fighting major resistance zone!

Looking at the weekly cloud chart, we can see that the Euro is now at a major resistance zone! Old support lows are now the new resistance levels.

Consolidation risk back down to the top end cloud chart support zone is the downside risk if we do not get a breakout past the 1.2042 resistance zone!

Top end of the cloud is the downside support zone!

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