Minimal reaction initially to the Fed minutes

Discussion in 'Technical Analysis' started by ForexLive, Jul 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    A quick review The EURUSD moved up to test the 200 day moving average at 1.1096. The high printed 1.1098 and currently trades at 1.1092. Prior to the release the price dipped to 1.1082. So not much going on there except the 200 day MA remains a key level for the third straight trading day (Monday it held support. Tuesday it fell through and held resistance. And today the level remains a resistance level for traders).

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