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Forex technical analysis: EURUSD moves back higher after testing MA. What next?

Discussion in 'Technical Analysis' started by ForexLive, Apr 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Sits in tight range The EURUSD is off to a slow start this week but is seeing some increased buying interest as NA traders enter. In the London morning session, the pair tested the 200 hour MA (currently at 1.13766 and rising) and found buyers leaning against that MA level. The subsequent rally has taken the price back toward the highs for the day at 1.1425 and 1.1427 (both swing highs on the hourly chart above).

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