/EURUSD pulls back after repeated failure through upper Bollinger/Fibo barrier | by | FXStreet

EURUSD pulls back after repeated failure through upper Bollinger/Fibo barrier | by | FXStreet

EURUSD The Euro eases from session high at 1.2476 after attempts through 20-d upper Bollinger band and Fibo 76.4% of 1.2555/1.2154 repeatedly failed. Stronger dollar and weaker than expected EU Business Climate data helped fresh bears, but current action could be seen as consolidation before broader bulls resume, while the price holds above broken Fibo 61.8% of 1.2555/1.2154 descend at 1.2402. Thick daily cloud continues to underpin (cloud top lies at 1.2370), with bulls expected to remain in play if extended dips will be contained above cloud top. Res: 1.2461; 1.2476; 1.2500; 1.2522 Sup: 1.2402; 1.2370; 1.2358; 1.2331   Interested in EURUSD technicals? Check out the key levels