Forex technical analysis: EURUSD extends the range. Spend over 200 hours of MY stands.

First move above the 200 hour MA since September 22.The EURUSD has moved to a new session high and above the 200 hour MA (green line) to 1.17501. In the process the pair back above its 100-hour MA at 1.17386 and a big trend line at 1.1745. These levels become support for the bulls and the levels come back below if you are more bearish.

Liquidity is thin as the staffs are light in North America due to the Thanksgiving holiday in Canada and Columbus Day holiday in the us, but the comments of the ECB’s Lautenschläger seemed to give traders a little more confidence in the upside potential on this pair.

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