Technical Analysis

EURUSD stays under shifting common ceiling

100 hour MA has not been damaged since January 11

The EURUSD is buying and selling in a really slim 22 pip buying and selling vary (22 day common is 75 pips). That’s simply too slim. The low for the day is at  1.1350. The excessive is 1.1372.  We at present commerce at 1.1358. Search for a break and run sooner or later at this time.

100 hour MA has not been broken since January 11

Trying on the hourly chart above, the excessive for the day sniffed the 100 hour MA (blue line within the chart above).   That shifting common at present is available in at 1.13721. A transfer above can be extra bullish and look towards the development line at 1.13887 after which the 200 hour shifting common of 1.14065 (inexperienced line within the chart above).

On the draw back, there are two development traces in play. The upper one has plenty of factors on the road and two fast breaks that failed (see pink circles). That is available in at 1.1337. The decrease development line connects the current lows and is available in at 1.1327.

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