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Forex technical analysis: EURUSD keeps bulls in charge. Why?

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Don't get too excited though When I look at the price action today, one thing jumps out...Buyers entered against the 100 hour MA (blue line in the chart below). Yes the price dipped a few pips below the level (the 100 hour MA is at 1.1005. The low came in at 1.1000), but the buyers emerged. The buyers remain in control - well they did against that level.

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