Moves further away from the 100 bar MA on 4-hour chart
The EURUSD has made new lows for the day and in the process, has taken out the low from last week. The 1.1716-20 area is a swing level, that was broken on October 3rd and again on Oct 5th (into October 6th) before rebounding (see red numbered circles).
Earlier, I posted about the non trending nature of this months trading. You can read about it and the implications for the trading this week, by clicking here.
