EURUSD Last Friday’s renewed attempts lower reached the same level like Thursday’s fall and were contained again by daily 55SMA at 1.1086. The pair closed in positive mode on Friday and above cracked daily Ichimoku cloud top at 1.1121, which contained overnight’s trading and marks initial support. Weekly Doji candle confirms hesitation at daily cloud top support. However, overall structure remains negatively aligned and keeps focus at the downside. Sustained break below last week’s lows to open way towards next strong supports at 1.1020.15, daily cloud base / higher lows of 18/19 Aug. Corrective rallies are expected to face strong resistances at 1.1215/37, daily 20SMA / Fibonacci 61.8% of 1.1331/1.1086 downleg, also near 03 Sep lower top, below which rallies should be ideally capped, before
http://bit.ly/1NXkfJd
