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Forex Trading _ The EURUSD whipped around at 8:30 on the weaker headline, stronger revisions and is now working through what it wants to do.
The range took the price above the 13851 (38.2% of the move down from the October 26th high to the low) – reaching a high of 1.3867. The low post the report has come in at the 1.38049. The midpoint of the range comes in at the 1.3836 level.
On the hourly chart, the price moved above the 38.2% of the move down from the late October high at the 1.3851 but that move was short lived. Nevertheless, this level will be eyed this morning on any rallies toward it. Sellers against the level should lead to rotation back down – and continued direction uncertainty. A move above and there could be some further gains toward the highs and the 200 hour MA at the 1.3900 level.
On the downside a break of the 1.3800 level has the 100 hour MA (blue line in the hourly chart) at the 1.37805 level currently. A break below this level will likely target the next support at the 1.3738 level. This level was a floor yesterday in NY afternoon trading.
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The range took the price above the 13851 (38.2% of the move down from the October 26th high to the low) – reaching a high of 1.3867. The low post the report has come in at the 1.38049. The midpoint of the range comes in at the 1.3836 level.
On the hourly chart, the price moved above the 38.2% of the move down from the late October high at the 1.3851 but that move was short lived. Nevertheless, this level will be eyed this morning on any rallies toward it. Sellers against the level should lead to rotation back down – and continued direction uncertainty. A move above and there could be some further gains toward the highs and the 200 hour MA at the 1.3900 level.
Forex Tags:
forex trading,forex rates,forex exchange,online forex,forex trade,forex market,forex factory,forex rate,forex bank,broker forex,finanzas forex,Lonjakan,forex factory,forex robot,forex 外汇,forex club,i forex,forex forum,forex pakistan,forex trader
forex, trading, ,trader, forex trading, trading ,index, trading forex, 4x, deutsche bank, forex trading, bank deutsche, trade fees, ameitrade, ameritrade trade, ameritrade bonus, waterhouse securities, ameritrade financial, www tdameritrade com, ameritrade offer codes, ameritrade employment, money market ameritrade,
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