EURUSD NEUTRAL
Updated
EURUSD breakout attempt stifled by Fed, pushed down into support
As long as support in the 11100s holds, then a neutral to bullish bias is maintained
Barring a breakdown, the euro may look to consolidate the rally since April
As long as support in the 11100s holds, then a neutral to bullish bias is maintained
Barring a breakdown, the euro may look to consolidate the rally since April
Note
1.Tough Resistance: Price on Strong Trend line 2. Price Retracement seen; bounce back on price and
respect support @1.11092; Uptrend
but neutral sign need to see a
candle break the resistance otherwise
the price will range
3. Price already above the 200 sma,
however having a hard time to
break resistance @1.12808
4. ADX= 28 still a strong trend
but decreased power due to consolidation and uncertainty
5. Events:M:Core Durable Goods Orders m/m
T:CB Consumer Confidence
W:Fed Chair Yellen Speaks; Kashkari Speaks;Crude Oil Inventories
TH:Final GDP q/q;Unemployment Claims
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