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EURUSD quick to bounce after peek below 200 hour MA fails. 1.0900 tested.

Discussion in 'Technical Analysis' started by ForexLive, Jan 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    200 hour ma at 1.08633. Low reached 1.08592 before quick bounce back higher The EURUSD peeked below the 200 hour MA at the 1.08633 level on it's way to new trading lows for the day at 1.08592. However, the price quickly pushed back higher to the 1.09000 area which is close resistance in trading today (). So overall, the action is following the script (give or take a few pips on the quick failed break below).

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