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EURUSD sits within the range as traders prepare for the US employment

Discussion in 'Technical Analysis' started by ForexLive, Mar 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Below broken trend line. Above the 100 day MA As the market heads into the US employment report, the EURUSD sits below the highs from Dec and Jan (basically from 1.0975 to 1.0991). The trend line coming up from the December low, slashes across in that area as well. A move above that level - and staying above) - would be more bullish technically. Above that is the 200 day MA which is at 1.10483 currently (see chart).

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