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Forex technical analysis: EURUSD tests lower trend line after falling from 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Feb 29, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Failed on the peak above 100 day MA today. The EURUSD moved higher in the Asia-Pacific session, it peaked after moving above the 100 day moving average at 1.0949 (see chart below). The high price for the trading day, extended to 1.0962 before failing and starting a pretty steady move back down.

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