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EURUSD reversal. Trades at new session lows.

Discussion in 'Technical Analysis' started by ForexLive, Apr 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Below 100 bar MA on 4-hour chart.... The EURUSD started the NY day making new highs. Now it is making new lows (). see prior post The fall has the price now trading below the 50% of last weeks range (at 1.13488), below the 100 bar MA on the 4-hour chart, and enters the "yellow area" defined by swing levels . The low of that yellow area come in at 1.13337. Below that, get below 1.1326 and the downside opens up.

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