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EURUSD tests the 200 hour MA and eases off
Continues to trade between the goal posts defined by the 100 and 200 hour MAs Early in the Asian Pacific session today, the EURUSD fell and tested the 100 hour moving average (blue line in the chart below). At the time, the moving average came at 1.0889. The low price for the day reached 1.0891. The rally off the support, wandered higher and just tested the 200 hour MA at the 1.0931 level (the high price just extended to 1.09299). So the pair is trading between the 100 and 200 hour MA. I call that trading between the goal posts. As I commented in my last technical post last night: "...Into the new day keep an eye ... (full story)
