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EURUSD slides below intraday floor and sellers go with it

Discussion in 'Technical Analysis' started by ForexLive, Aug 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Range up to 50 pips... The EURUSD slipped below the intraday floor at 1.1189 and sellers went with it. The price has moved to 1.1175 so far. We will see if the momentum can continue. Looking at the hourly chart the 1.1159 level is where the 100 hour MA is found it is also part of a range where there has been swing highs and lows (from 1.1153-59). Prior to the move above that level, the highest close reached 1.1153. Look for support on a test.

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