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EURUSD continues move sideways between 1.3435 and 1.3838

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 4, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible. However, a break above 1.3838 resistance could indicate that the fall from 1.4579 has completed at 1.3435 already.

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