EUR – Consolidation the Flavour of the Morning – Foreign Currency Compare

Foreign Currency Compare

Looking at EURUSD on the FXUltimate8 template – Pair has been in a consolidation range for the past couple of days. The bias is still pointing higher BUT if we don’t see the current resistance high being breached soon we could see Price falling lower towards 1.3240 to start with… Once this resistance high is breached we have the Weekly fib within sight at around 1.33095 and change – So effectively we have a Major resistance above –

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Caution is advised at this time – See chart below for more information.

 

EURUSD 4hr chart 11th September 2013 Foreign Currency Compare

Foreign Currency Compare

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