| The EURUSD has moved a little lower in the last few hours of trading – holding against the 200 hour MA in the process. The 50% retracement level held earlier today. So the pair has a bit of a negative bias heading into the weekend
For trading next week, the pair will be looking toward the 100 hour mA at the 1.10834. The 200 day MA is also of level of interest at 1.10975 although admittedly, the price has been trading above and below the level on Wednesday, Thursday and again today. That says to me, the market is consolidating – looking for the next directional push. |
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