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EURUSD Price Action Analysis - ranging within 100-day/200-day SMA for direction

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by , 02-28-2016 at 09:32 AM (872 Views)
      
   
Daily price is located within 100-day SMA/200-day SMA area ranging for the direction:

  • Descending triangle pattern was formed with 1.0962 support to be crossed to below for the bearish trend.
  • If the price breaks 38.2% Fibo resistance level at 1.1120 so we may see the bullish reversal to be started.
  • If the price breaks 61.8% Fibo level to below so ther price will be reversed to the primary market condition on daily basis for example.

Name:  eurusd-d1-alpari-limited.png
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Trend:

  • D1 - ranging on reversal
  • W1 - ranging bearish
  • MN1 - ranging bearish

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