1. Hello Guest Click here to check FX Binary Point Financial Directory

Forex trading: A technical (re)view of the major currency pairs

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Summer trading conditions resumes. EURUSD The EURUSD has spent the last 4 hours below the 100 hour MA (blue line in the chart below). The price is currently testing that level. There was a push above the MA in the morning session as traders - reacting to a break out of the narrow trading range - jumped on the bullish wagon hoping for the extension higher. That worked temporarily. Now with the price back below the 100 hour MA, buyers need to see more upside momentum.

    Read full forex technical analysis here

Share This Page