EURUSD moves back to the 200 week MA. 2nd test of the day

Technical Analysis

Author: Greg Michalowski | eurusd

The 200 week MA was broken on Tuesday and the price broke back above today.

The EURUSD is trading back lower after Treasury Mnuchin said that more sanctions were on the horizon for Turkey if Pastor Brunson was not released. 

The price fell back below the 100 hour MA at 1.13725, and moved to the 1.1356 level.  Recall from earlier post, that is the 200 week MA level.  A move below would look bad.  Holding would look ok/good.

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