Making a run to the 100 day MA/Extend the month range?
The EURUSD did look over the edge at the 50% of the day's trading range and the MAs (see prior post), Dragh finished up and the price fell back down. Don't talk next time.
The price fall has now taken the price below the low for the week at 1.1724 and the low from last week at 1.1729.
The 100 day MA at 1.1675, the low for the month at 1.1668, and the low from August at 1.1661 remain key targets on the downside. A move below that level will not only increase the 211 pip trading range for the month (3rd lowest range going back to the start of the EURUSD), but will also get the pair below the neckline of a head and shoulder and all those technical levels.
Yields are lower in Europe (thanks Bud for pointing out), but they are off lows too. Below are the yields, changes and high/lows for the day in the 10 year sector.
