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EURUSD: Seeing up and down trading continuing to be the theme

Discussion in 'Technical Analysis' started by ForexLive, Sep 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Finding resistance at the 100 hour MA The EURUSD has seen up and down trading since the announcement. Let's face it...it is hard to decipher the Fed and that is reflective in the price action. In the earlier post, if the 100 hour MA held, the upside had a chance to be explored. That level did not hold and the price nearly did a lap of the price action from the statement. The rally off that low moved back to the 100 hour MA (at 1.1180 - the high moved to 1.1184), and we are seeing a rotation back lower.

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