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London traders going home quietly.....

Discussion in 'Technical Analysis' started by ForexLive, Aug 19, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    A look around... EURUSD. Putting the 100 week moving averages aside, looking at the hourly chart the 1.1304 level has been a short term floor. It is also the 50% of the move up from Wednesday's FOMC minute lows. The pairs sits on (near) the fence. Depending on which way the traders legs decide to go over that fence will determine the next moves going forward.

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