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Forex technical analysis: EURUSD back testing the midpoint

Discussion in 'Technical Analysis' started by ForexLive, Oct 2, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Midpoint of move down from September high at 1.1281 The EURUSD has been down here on 4 separate occasions. The 1st move held but the rebound was modest. That led to a look below the level on the 2nd test, but that break failed (it was still early). The 3rd look bounced and a new high was made. This is the 4th look. Will the buyers keep the bid?

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