Forex Trading: EUR/USD Finds Support At The 100-Day Moving Average Again

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Forex Trading: EUR/USD Finds Support At The 100-Day Moving Average Again

By Greg Michalowski on April 8, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EUR/USD has broken out of its recent comfort zone between 1.3740 and 1.3300 and has found suport down at the 100 Day Moving Average. This Moving Average provided support back on 3/31 as the pair consolidated for three days following only to jump north back into the trading range.

We will see if this support can hold or if the EUR/USD will move back into its range again…which would make the 6th time since 10/6/2009.

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