EURUSD from the 100 day MA to the 200 hour MA/38.2 retracement

Discussion in 'Technical Analysis' started by ForexLive, Sep 28, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    100 day MA at 1.1445 (low for the day). 200 hour MA being tested at 1.1236 The EURUSD is testing the 200 hour MA (green line on the chart below) now after failing to take out the 100 day MA earlier at the 1.11456 level (the low reached 1.11457). The 200 hour MA is at 1.12368. The high has just extended to 1.1242. The range for the day is up to 96 pips now (22 day average is 111 pips). So that is more respectable vs what we were looking at when the NY day started. The 38.2% of the move down from the September high comes in at 1.1240. We are testing that level too.

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