Forex Trading EURUSD tests 100 hour MA overnight and holds resistance
The EURUSD tested the 100 hour moving average last night. The high for the day has been 1.3082. The 100 hour MA was 1.3077 (at the time). Sellers entered the market the level and pushed the price down further. A move above the 100 hour moving average currently at the 1.3067 is neede to push the price higher. Bears remain in charge.
The price is now trading more toward the low as the price consolidates. The low overnight was 1.2944. Another low came in at 1.2968. The price bottomed at 1.2824 yesterday.
Labels: forex trading