EURUSD remains contained by MAs

Technical Analysis

Author: Greg Michalowski | eurusd

The 100 hour MA below at 1.12315 and the 100 day MA at 1.1256

A look at the EURUSD on the hourly chart is showing that traders are using the 100 hour MA below as support at 1.12315 and the 100 day MA above at 1.13562. Since the prepared text was released, the low has reached 1.1235. The high extended to 1.12563.  

A break will be eyed by traders. Overall , the buyers hold the advantage.

The 100 hour MA below at 1.12315 and the 100 day MA at 1.1256

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