- The 200 hour MA ((currently at 1.0345 – green line in the chart above) has held resistance for the last 6 hours of trading.
- The low has been supported by the lows from Tuesday and Monday at the 1.3003-10 area.
The boundaries are set above and below.
The two times the price moved below the 200 hour MA this week, the price rebounded higher. Will the third time have the same fate? The risk is defined against the level. The floor needs to be broken.
