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Forex technical analysis: EURUSD extends above 50%

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Bases against the 200 hour MA/1.1200 level The EURUSD had trouble at the 1.1230 level (50% of the move down yesterday), but was able find support buyers against the 200 hour moving average (green line in the chart below) and the natural support at the 1.1200 level. The push higher off that level was able to extend above the 1.1230 level. That - and perhaps some London fixing flows - helped to push the pair to new highs.

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