Forex technical analysis: EURUSD traders banging on the 200 bar MAs door

Discussion in 'Technical Analysis' started by ForexLive, Jun 9, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    So far the buyers are leaning ag the MA level and keeping the seller out... The EURUSD has moved lower in trading today, getting kicks on breaks of the 1.1356 level and the move below the 100 hour MA. The real start was the inability to extend above the 1.14175 level. That was the 61.8% retracement target spoken about in . The high today reached 1.1415. IN that post I also spoke on how traders needed to be ambidextrous when trading ranges are so narrow. That traders can "get disappointed quickly". Well they got disappointed today and the range for the week has been extended to 110 pips. Still below the lowest range going back to December 2014 (the lowest for 2015 and 2016 has been 124 and 127 pips). So there is room to extend....

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