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EURUSD whips around

Discussion in 'Technical Analysis' started by ForexLive, Sep 4, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Back to where it all started The EURUSD has moved back to where it all began as traders fight each other. The pair went down toward the lows from yesterday and the lower trend line on the hourly chart after initially shooting higher on the lower NFP, That move lower could not extend - nor could the momentum keep it below the 100 day MA at the 1.1112 level. Shorts covered, and that is what we are seeing (or saw - markets are fighting it out)..

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