Forex technical analysis: EURUSD moving away from 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 26, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    50% of the August range is the next target The pair is now down testing the 50% of the August move at 1.12055. Looking at the daily chart, the 1.1205 area is also the 38.2% of the move up from the July low and the underside of a broken trend line. HMMMM good support for a trade but would not risk a lot as I think the topside is probably limited. (to 1.1220).

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