The EURUSD still in a confined trading range today (see: Forex Technical Analysis: EURUSD trades in confined range ). There is room to roam in NY afternoon trading. The price is testing the lows for the day.
I adjusted the topside trend line to reflect the high levels since this mornings post. The 1.2499 level remains a resistance area above. On the downside, the price testing the 100 hour MA at the 1.24358. The low from November 3rd comes in at 1.2438. The pair is sitting a technical knifes edge.
A move below and there are other targets including the trend line at the 1.2420. The low from yesterday comes at 1.23925. The low for the year comes in at the low from last Friday at the 1.23572. These are the next targets.
EURUSD testing the lows from November 3rd. Has been a point of interest from traders.
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