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Forex technical analysis: EURUSD rebounding after weaker JOLTs data

Discussion in 'Technical Analysis' started by ForexLive, Oct 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Squeezes higher The EURUSD is moving back higher on the back of weaker JOLTs data. Technically, the pair could not extend below the earlier low for the day (intraday - see green circles). That may contribute to more of a bullish bias. The price also moved back above the 100 and 200 bar MAs on the 5-minute chart (blue and green lines in the chart below).

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