From the ashes rose the EURUSD
When we came in today the EURUSD was in a 67 pip trading range (see earlier post). One of the extended targets was the 200 hour MA. Well we just hit the 200 hour MA (green line in the chart below). at 1.09646. The range is up to 157 pips. The 38.2% of the move down from July 20 is at 1.0963. So there should be some reluctance to move higher (or at least a stall here).
From the ashes of a really quiet day, rose the EURUSD. Now it is time to rest.
Well we need to get below the 1.0942-48 to give the sellers some comfort now...(so not yet time to rest).
Attacking Currency Trends levels showing the way...
