Forex technical analysis: EURUSD tests 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, May 24, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    100 day MA at 1.1160 today The EURUSD is putting a test on the 100 day MA at the 1.1160 level today (blue line in the chart below). The low for the day just touched 1.11619. Low risk buyers are leaning on the test. I would expect some stops triggered on a move below the level. The 61.8% retracement and the 200 day MA are the next targets off the daily chart at the 1.11245 and the 1.1102 respectively.

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