EUR/USD Moves Through 100-Hour Moving Average For First Time Since July 31st

The EURUSD has moved through the 100 hour MA now at the 1.4358 level.   Look for a momentum to the downside.  The pair moved above the moving average on July 31st at the 1.4141 level . This is the first breach below the level.   The market is at the decision time.  Will it continue to correct lower or will it use the level as a buying opportunity.   Watch the level closely.

Subscribe by RSS Subscribe by Email