Forex technical analysis: The battle lines are set for the EURUSD

Discussion in 'Technical Analysis' started by ForexLive, Jun 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    What levels are in play. As Ryan and BK go "Live", here are some levels I will be looking at and why. The EURUSD is below the 100 and 200 hour MA (blue and green lines) but that can change on the event of course. A much weaker report (probably less than 120K - maybe 100K- and a pick up in the unemployment rate) will be the catalysts for a move back higher. We really do not know what will be the tipping point, but there will be a spike. So be careful. I would rather wait for a retracement (or even wait even longer and let the bar room brawl finish).

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