Technical Analysis

EURUSD consolidates simply above the 50% retracement

Dip took the value again into the Crimson Field however stalls at 1.14848 space

The EURUSD moved again into the “Crimson Field” late yesterday, however the fall did stall on the 1.1484 stage which if damaged would have soured the bullish temper much more (see publish right here).  Actually, the value motion yesterday after the break and run larger on Wednesday was disappointing for the bulls.  The worth couldn’t maintain the 50% after which fell again into the field. Sure…the 1.14847 stage did maintain (barely), however sellers almost took again management after the break. 

 

Anyway, the bulls are attempting to take again management at this time with the rebound again larger. That transfer has the pair again above the 50% midpoint retracement at 1.15145. The extent is holding over the previous couple of hours.  

Like yesterday, the music stays the identical.  Maintain the 50% and the bulls in full management. Transfer beneath after which the 1.15000 and 1.14847 and the bulls surrender.


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