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Forex technical analysis: EURUSD moves toward key 200 day MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Breaks 100 and 200 hour MAs The NY afternoon session of the EURUSD has seen the price move below the 100 and 200 hour MAs (blue and green step overlay lines in the chart below). On the break there was a test and sell. So sellers showed they wanted to take control. The fall has taken the price to a low of 1.11725. The 200 day MA comes in at 1.11615. That is a key target level. I would expect that if tested this afternoon that buyers will stick a toe in the water.

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