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EURUSD moves toward 100 hour MA/38.2% retracement target

Discussion in 'Technical Analysis' started by ForexLive, Mar 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Getting closer. Trades at new day lows. The EURUSD is trading a new session lows - making a move below the 1.1100 level that has stalled the declines for most of the trading day. The next key target area comes in at the 100 hour MA at 1.1068 and the 38.2% at 1.10653. The low from February 19 came in at 1.0659. The high from February 26th came in at 1.10675. The cluster of levels centered around 1.1065/68 should provide good support on a test.

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