EURUSD extends toward 100 day MA/38.2% retracement target

Discussion in 'Technical Analysis' started by ForexLive, Sep 19, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Should be a tough level The EURUSD has extended higher (see prior post) from what was a tiny trading range and that move has taken the price up to a tough resistance level defined by the 100 day MA and the 38.2% of the move down from last weeks high to the low on Friday. That level comes in at 1.1200. The high has reached 1.11973 so far.

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