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Forex technical analysis: EURUSD scoots higher

Discussion in 'Technical Analysis' started by ForexLive, Oct 16, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Can't go down (or extend below MA support), so goes back up The EURUSD has scooted higher in the last few minutes of trading. The failure to go lower and extend below the 200 hour MA has led to buyers reentering on the move back above the 38.2% retracement and consolidation area (see chart below).

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