Trend line, 50% and 200 hour MA stalls the pair
As the stocks skid into the close, the EURUSD has seen the pair back off the highs on some safe haven flows into the greenback. That may be stretching the story a bit.
What did stall the rally was the trend line, 200 hour MA and 50% retracement. Looking at the chart below, the pair reached that triumvirate of technical levels, stalled and fell off into the close. The 100 hour MA below (blue line at 1.13383) will now be eyed. A move below would add to the bearish bias for the pair.
Every other day seems to be the opposite of the other. Watch the 100 hour MA for clues on the potential for that pattern to continue in the new trading day.
