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Forex technical analysis: EURUSD making new session lows (and bouncing).

Discussion in 'Technical Analysis' started by ForexLive, Nov 12, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    1.0700 level tested The EURUSD is making new lows for the day and testing the 1.0700 level in early NA trading. Yesterday, the pair tested this level (along with the 100 bar MA on the 5-minute chart), held (see blue circle 6) and that helped turn the sellers back to buyers. The rally from that point extended to a high of 1.0773 in the Asia-Pacific session.

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