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Forex technical analysis: EURUSD takes out months highs but thinks twice

Discussion in 'Technical Analysis' started by ForexLive, Jun 23, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Markets anxious Markets are certainly anxious as traders prepare for the UK referendum vote results. The price of the EURUSD today has seen a steady move higher. The move began at the start of the day at the 100 hour MA (blue smooth line in the chart below). The move started to get its mojo - technically at least - when it bottomed at the 100 day MA at the 1.1235 in yesterday's early day trading. That was then, this is now.

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