Continued Consolidation Likely

8 ส.ค. 2016

EURUSD Last week on the 4 hour time period we saw the EURUSD give up earlier gains made in the prior week & consolidating at the bottom range of the UPPER QUADRANT matrix. From an earlier high level of 1.1215, price action eroded towards the 1.1082 level, & USD bulls maybe set to push the EURUSD into the LOWER QUADRANT matrix, below 1.1082 level, in search of a new support level.