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The 100 WMA is next in the frame as EURUSD marches higher

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

  1. ForexLive

    ForexLive Forum Member

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    The 1.1500 break took a while to take off and now we're here at 1.1600 as we say cheerio to 1.1500. SocGen's target for shorts is edging closer We got the break after the option expiry blow through sorted that mess out. Support was very tight at 1.1490 which showed the buyers were ready to carry on. The second break then found support around 1.1510 and the next leg took off this morning.

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