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Forex technical analysis: EURUSD makes it to the next target

200 hour MA and lows from last week

The EURUSD has reached the next target as the dollar buying continues. The 200 hour MA is at the 1.0922 currently. The price just extended down to 1.09145 and is seeing a bounce back above the MA level.

That may be it for the time being....

The news on the business channels have shifted to the email threat at LA schools and their subsequent closure. Tension might be high as the Star Wars premiere kick off this week. That might take some steam out of the stock market and perhaps the dollar strength. FOMC tomorrow. Today we traded the 100 day MA on down to the 200 hour MA. The level is just a nice level to stall....

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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