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Forex technical analysis: EURUSD has booths in MY area (but barely) — Forex Stock Trade

Forex technical analysis: EURUSD has booths in MY area (but barely)

Peaks against the 100 hours of Mangal, the EURUSD has moved higher in the last hour, and in the process moved above the 38.2% 1.19258. The rupture, led to a run more. This run peaked against the 100 hour MA (blue line in the chart below) and 1.19549 (the highest reached 1.19534). The moving average was the highest of the three, including the 100-hour moving average on the 4-hour chart to 1.19393, and the 200-hour moving average to 1.19462 (the 100 hour MA at 1.19544 was the highest). Although the high has reached a summit of law in the face of the most high-MA (moving above could have triggered stops), the sellers do not lean, and the price has turned lower (see previous article here).

In the future, traders will want to see that the displacement of the average area of hold resistance (yellow area). Who is at risk for shorts.
Better yet, the shorts/Bears would like to see a resumption of the decline, now that the resistance has been tested with success (and location).
A move below the 1.19258 and then 1.1910-15 will be close to the levels to get below. In the end, a blow below the 1.1876 and the 200 bar MA on the 4-hour chart to 1.18688 will be more important breaks.
The pair is trading at the top and bottom since the 28th of August. The range during this period was between 1.18225 and 1.20969. The low this month was awarded to 1.18371. These low levels (1.18371 and 1.18225) are the two other main levels of breakage if the bears are to make more of a game.
PS. The range for the month, it is the 7th low to high trading range dating back to October 2006. It is that the narrow range extended prior to the end of the month?

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