Technical Analysis

EURUSD tests 200 hour MA on dollar selling

Price has not been above the 200 hour MA since September 27th

The EURUSD has reached up to the 200 hour MA at 1.15275. The price has not traded above tha MA since September 27. A break above would give the buyers more control with the high from Friday at 1.1549 and the 38.2% at 1.15713 other targets on more momentum.  

So far however, the sellers are leaning on the first test (with stops likely on a momentum break). 

USDJPY is at lows. GBPUSD is at highs too.

ForexLive

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