EURUSD fails above the 200 day MA

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    The buyers had their shot... You cannot deny the buyers had their shot and they flubbed it. The 200 day MA was broken once, twice and three times in trading today (see the 5-minute chart). The last look took the price to 1.1058 before the price fell back below. I gotta shut the door on that battle and give the sellers the victory. There should not be a 4th break. If there is all bets are off (RISK level for shorts).

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