Technical Analysis

EURUSD pushes again greater because the greenback weakens

Break decrease failed. Present residence gross sales put the kabash on the promoting

The EURUSD pushed under a decrease pattern line and sellers jumped on the transfer.   The autumn took the worth to a low of 1.1335, however current residence gross sales had been weak. The worth pushed again greater. 

Break lower failed. Existing home sales put the kabash on the selling

The failed break, may snowball as sellers quit on the bearish transfer.  In that case, the important thing clue would be the 100 hour MA above at 1.13791.  Get above and we should always see extra upside momentum with a topside pattern line at 1.1396 and the 200 hour MA at 1.14234 as targets.  

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