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Forex technical analysis: EURUSD moves toward day low and MA support

Discussion in 'Technical Analysis' started by ForexLive, Jul 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Lots of technical congestion ahead Like a major artery where different roads come together, the EURUSD has one such area being approached. The 100 and 200 hour MAs at 1.1113-20 and the low for the day at 1.1119 come together. Just north of that intersection is a trend line connecting lows (at 1.1127).

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