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Greg Michalowski

EUR/USD Dips In Early NY Trade. Tests Moving Average Support At 1.4538 Level

By Greg Michalowski on September 30, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

gregmike-05095

The pair is testing the 100 hour MA after breaking above the trendline and 100 hour MA in Tokyo and London trade.  The MA comes in at the 1.4639 level.  There should be some support here.

gregmike-05094

The 100 bar MA on the 5 minute chart is also found at the 1.4633 level which also should provide some support.

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