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Morning Briefing Euro (1.1187) has been facing rejection from the immediate resistance of 1.1210-30 repeatedly but the bears still need a break below 1.1160 to bring up bearish momentum. A break below 1.1160 may invite 1.1100 and lower levels.
vikrs Open High Low Close
27-Jun-17 1.1199 1.1265 1.1172 1.1256
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Expert Speak


Ranajay Banerjee leads the research and analysis team at Kshitij. Ranajay has a deep understanding of Elliot Waves and a formidable memory of market history. Well known on Twitter as @ranajayb with a considerable fan following. Film scriptwriter by night.
JUN 6, 2017 AT 9:44 AM

Caution time for Euro as it shows great upside momentum but the resistance cluster overhead (1.1300-1.1450) may be too tough to crack on the very first attempt, especially in the current highly overbought state.
~ Ranajay Banerjee