Forex technical analysis: EURUSD hanging around MA levels

Discussion in 'Technical Analysis' started by ForexLive, Jul 7, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    With a more bearish bias... The EURUSD has tried to make the 200 day MA (at 1.1095) a big deal this week. The MA held support on Monday against the MA level. It fell below it on Tuesday (and stayed below). Yesterday, the price made new lows at 1.1028, rallied up to the 200 day MA, and pushed above going into the close - only to run into another MA. This one the 100 hour MA at 1.1107 (see blue line in the chart above). Although there was a late day rally, the price activity yesterday was up and down.

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