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Dollar hits the skids.

Discussion in 'Technical Analysis' started by ForexLive, Apr 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    EURUSD higher. USDJPY lower. Even the GBPUSD is off it's back. The dollar has hit the skids as London/European traders get ready to exit for the day. The EURUSD has moved above the 100 hour MA, the 200 bar MA on the 5 minute(green line in chart above. It had been holding below the line for most of the day) and is now above the close from Friday and yesterday at the 1.1386 level. Next stop...Completing the down and up lap at the high for the day at 1.1404.

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