EURUSD does the "technical thing". Bounces off the 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Jan 8, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Into the Friday afternoon wildcard period The EURUSD has corrected lower in the last hour or so of trading and did the right "technical thing"....It bounced off the 200 hour MA. It may have helped to have the 200 and 100 bar MA from the 5 minute chart at the same area and the 38.2% of the move up from the low.

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