| The EURUSD traded up and down last week, with Friday's low stalling at a key "floor" level (the 50% of the move up from April low also stalled the fall). Today, the price moved above the 100 and 200 hour moving averages and have been able to stay above on 2 separate tests today. Those moving averages come between 1.1021 and 1.10278. They will be the barometer for trader's bias today (and going forward). Stay above is more positive. Move will is more negative. |
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
Tags: Featured,newsletter
