Trying to get back into the upper part of regionthe EURUSD is trading at the top and bottom as it digests Catalan. There are no major economic releases in the new trading day.
Technically, the pair is looking to move in the upper region of the trading ranges dating back to August. I’m dividing this area 1.18225-1.1832 area. The above is more optimistic. Below is more bearish. The 100 bar MA on the 4-hour chart and is now just below the lower level at 1.1817. In order to keep this level in mind.
We’ve traded above and below this area in trading today. The market is uncertain. However, as the NA traders to enter buying is resuming and the pair has more of a push higher. The pair is trading at 1.1838 as I type. The 50% of the move down from the September 20, the top comes to 1.18505. The 200 bar MA on the 4-hour chart at 1.1877. Those are targets on a continued progression (and if it remains above the demarcation line below).