Forex Trading: EURUSD Rotates Down To The Target Support In NY Afternoon Trading
After testing the 100 hour MA above (and holding), the EURUSD has rotated back lower toward the closest target support (see prior post by clicking here). The 1.3399 level was the close from yesterday. The 1.3401 is the midpoint of the days range.
Sounds like a good level to pause in a up and down session (with stops below). Risk is defined. Risk is limited.
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