Technical Analysis – EURUSD neutral; upside moves limited by key 1.10 resistance
Posted on December 28, 2015 at 7:25 am GMTEURUSD remains neutral on the daily chart. Prices pierced into the Ichimoku cloud and broke above the tenkan-sen line but a critical barrier comes into view on the upside- this key 1.1000 level is an important resistance level which could limit further moves higher. Meanwhile, the overall outlook for EURUSD has been neutral on the weekly chart, since falling to a multi-year low of 1.0461 in March this year. The pair has been trapped in sideways action in a range [..]