| The 100-day MA and the 50% of move down from the November high is the barometer for the buyers and sellers this week. |
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Trade at your own risk only and visit www.ForexLive.com for additional views.
EURUSD: A technical view of the EURUSD for the week starting February 18
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The EURUSD is ending the week near key MAs. Those MAs will be the key barometer for both buyers and sellers going into the new trading week.
EURUSD runs up to the 100-day MA and backs off. What next for the pair?
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The EURUSD 100-day MA comes in at 1.07853 and stalled the rally today.
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GBPJPY falls to swing area and 50% retracement before bouncing back, indicating potential for further upside movement.
NZDUSD buyers lean against the 100 day MA and bounce the pair higher
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The 100 day MA stalled the fall in trading today in the NZDUSD. That level was broken yesterday, tilting the technical bias more to the upside on the longer term chart. Staying above is important for the buyers today and going forward.
USDCHF bounces off 100 hour MA for the 3rd day in a row. Buyers hold that line.
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