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EURUSD retraces to 200 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Mar 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Price action whippy The EURUSD to the 1.11623 level in the early NY trading but has since retraced that early NY move lower and in the process has moved back up to test the 200 hour MA at the 1.1194 level (the high printed 1.11952). The price action is indicative of a market that is lacking in liquidity. Not my favorite, but it happens.

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