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EURUSD heads toward unchanged level

Discussion in 'Technical Analysis' started by ForexLive, Oct 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    50% of the days range also near level The EURUSD has reversed higher and moves back toward unchanged on the day and the 50% retracement of the move down today. The pair closed at 1.09986. The 50% is at 1.0997. The 100 bar MA on the 5-minute chart is at 1.09994. Let's call the 1.1000 level a resistance target for the pair to get to and through.

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