EURUSD battle continues... That is OK.

Discussion in 'Technical Analysis' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Spring tightens... The EURUSD intraday battle continues...and that is ok. What may have happened in the ups and downs is it narrowed the area of fighting. The fighting is now being waged between the 100 bar MA on the 5 minute chart and the 100 hour MA (at 1.08912 currently). With risk defined sellers can lean against the top. Buyers can lean against the support below. If there is a break, traders will look for that momentum....and that is OK. In fact, that is a good thing.

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