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Tag: technical summary
2009-01-02 16:54:32| FXstreet.com The Foreign Exchange Market
EURUSD Continues to form a triangular consolidation, with market attempt towards 1.3824, being rejected at 1.3856, ahead of bounce. Upside clearance of 1.4058 is needed to firm the tone for extension towards 1.4222, while only below 1.3824 weakens for 1.3629 instead. Res: 1.4058, 1.4099, 1.4148, 1.4178 Sup: 1.3915, 1.3882, 1.3851, 1.3824 GBPUSD Todays higher rejection 1.4815 has sparked a sell off that forms a 1.4350 to 1.4815 band. Bias now seeks for eventual downside break, with
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