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A quick technical look at the major pairs

Discussion in 'Technical Analysis' started by ForexLive, Oct 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What is in play as we head into the new trading day EURUSD The EURUSD today moved higher in the 1st half of the day, and that took the price above the 100 hour MA for the first time since October 10th. The price move also extended above a topside trend line on the hourly chart. That move failed in the North American session and the price spent all of the NA session below that MA level (currently at 1.1007 and moving lower). In the early NY afternoon, there was a spurt to the upside that saw the price move back toward the 1.1000 area and the close from yesterday at 1.0998. The high stalled at 1.0997. The pair is moving back toward the low into the close.

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