EURUSD back to unchanged on the day

Technical Analysis

Author: Greg Michalowski | eurusd

Up and down. Stays below 200 hour MA

Just sell rallies...That is what "Harry the Doom..." said....I said, "EURUSD retests the 200 hour MA. Key test for both buyers and sellers".  

The sellers held against the risk defining level as the 200 hour MA. The rally up stalled.

The price has rotated from the 1.694 level and wandered back to unchanged on the day at 1.1671.  The 1.16583 (50%) is the next target on more selling in what has been an up and down trading day.



ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose