Technical Analysis

EURUSD continues extension and eyes 100 hour MA

Moving away from old 2019 low

The EURUSD moved to new 2019 lows yesterday below 1.12885. Today, the break level was first tested, then broken. In the NY session the low moved to 1.1287 before moving back higher again over the last hour or so.  Buyers are building a case for more upside.

If that the “case” is to get more support from “the market”, the 100 hour MA (blue line in the chart above), needs to be broken at 1.13247.  The high so far has reached 1.1315 today.  


Articles You May Like

EUR/USD technical analysis: Euro drops to fresh weekly lows, breaking below the crucial 1.1160 support
8 things that worsen your trading performance
Dow closes at session lows. Dow(n) -800 points
US: Core inflation surprised consensus expectations – TD Securities
US Dollar and Yen May Rise on Japan, South Korea Trade War

Leave a Reply

Your email address will not be published. Required fields are marked *