EURUSD bounce continues. Technicals lead the way.


  • share

Bounced off the underside of trend line on the daily.  And above the intraday resistance.

In an earlier post, I spoke of the test of the underside of the broken trend line at the 1.1569. The low of the EURUSDs move bottomed there.  

The move higher off that low, has now taken the price above its falling 100 bar MA on the 5-minute chart below and the 38.2-50% of the day’s trading range. 
It is also moved above the 200 bar MA (green line in the chart below).  

ForexLive
Источник

0

Комментировать

Ваш e-mail не будет опубликован.

Этот сайт использует Akismet для борьбы со спамом. Узнайте как обрабатываются ваши данные комментариев.