EURUSD: the 1/2R Resistance (off 2017 low) was again approached this week, see probe in March. Price printing time above this level would put EURUSD in a stronger position with next Resistance at the Value Area High at 1.1681
EUR to USD in weak position
EUR to USD ended the week below Support. Earlier in the month there was a rejected probe above 1.1216, the major poc Resistance. EURUSD declined from there and ended the week below 1.1058, the 1/2Range off October low, in a weak position.
EURUSD breaking major Support today
EURUSD major poc migrates
this week the Major controlling price migrated back down to 1.1310. This is now Major Support and price below this level would be a weak position for EURUSD.
EURUSD bounced from Support
EURUSD tested the Support at 1.1310 again this week (previously a major controlling price) and bounced.
EURUSD chart
EURUSD chart is currently printing below 1.1450, the 1/2R. Support at 1.1310 (previously a major poc).
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EURUSD 28th December 2018
EURUSD is having a problem printing above 1.1450, the 1/2R but is being Supported by the 1.1310 level (previously a major controlling price). Time above that 1/2R would indicate strength.
EURUSD weak pattern
EURUSD consolidating below a major 1/2R. That’s a weak pattern.
EURUSD in weak position
EURUSD is in a weak position below the minor half range off the August low suggesting that low will be re-tested.