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.  

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