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EURUSD moves to new session highs

Discussion in 'Technical Analysis' started by ForexLive, Dec 18, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Technically...more bullish as Yellen comments continue The EURUSD overall is taking the first rate hike pretty well. The pair has now moved above the 100 hour MA (blue line in the chart below) at 1.0964 (this is now close support) and moves toward the next target at the 1.1027 level (underside of the trend line). The 200 day MA comes in at 1.10347. The 100 day MA comes in at 1.10588. Risk is a move back below the 100 hour MA and then the 200 hour MA at 1.0964 and 1.0933 will respectively.

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