Technical Analysis

Higher information sends the EURUSD again to the 100 hour MA

A transfer under ought to solicit extra promoting

A move below should solicit more selling

The information has helped to ship the pair again down to check the 100 hour MA at 1.13465. The value reached 1.1345 and we’re seeing a modest bounce again to 1.1351. Earlier at present, that MA was examined and bounced.

Earlier than the Powell headlines and information, the EURUSD did transfer to a brand new session excessive as much as 1.1375, however shortly stalled.

The vary continues to be very modest at 30 pips for the day. Sellers are making the play now. There may be room to roam.  

ForexLive


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