Forex technical analysis. EURUSD goes down and comes back up

Discussion in 'Technical Analysis' started by ForexLive, Sep 21, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Falls below 200 day MA on BOJ flows, but back where it all started The EURUSD fell below the key 200 day MA on the BOJ headlines, stalled at the end of end of August lows at the 1.1122 level, and then recovered, moved to new highs in the London morning session and in the process extended back above the 200 day MA at 1.11475. Back to where it all started. The 200 day MA has stalled the fall in the EURUSD over the prior 3 trading days. Back to where it the break started.

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