Forex technical analysis: EURUSD breaks the 200 day MA...

Discussion in 'Technical Analysis' started by ForexLive, Mar 8, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    There have been 6 tests. One failed break over the last 11 trading days. The EURUSD is breaking above the 200 day MA at 1.10457. If you go back to Feb 23rd (11 trading days), the pair has tested this MA on 6 times and found sellers. The last times earlier today and on Friday. There has been a more substantial break on Feb 26th that failed after 7 hours. The pair just made a new break and reached a high of 1.1055. We are currently trading right at the MA level again as buyers and sellers square off.

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