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Wednesday, May 9, 2018

[FOREX NEWS] EUR/USD found its cushion, but is may not last too long


The EUR/USD continues its journey south with the vomiting camel pattern. It is already over 700 pips from the highs but may have found some support. The Technical Confluences Indicator shows that $1.1825 is a congestion of several potent technical levels: the Pivot Point one-month S2, the one-hour low, the Bolinger Band 15m-Lower (Stdv. 2.2) and the Simple [...]

The post EUR/USD found its cushion, but is may not last too long appeared first on Forex Crunch.



via Forex Crunch

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