Forex Trading: EUR/USD Moves Higher Through 100 Hour Moving Average
The pair is up over 100 pips in the last four hours fueled by higher stocks and manufacturing and CPI readings which came in as expected. After testing trend line support at session lows, the pair has seen strong buying and has moved through the 100 hour moving average which currently comes in at 1.3131. In recent trading it seems that the pair has lost some steam in which case we look back towards the 38.2% line as the first downward target. If momentum continues, 1.32261 is the significant level upward.
Enter your E-mail address to subscribe to DailyMarkets.com for FREE
Best Credit Cards
Chase Freedom- Blue Cash
- Chase Sapphire
- American Express Platinum Card
- United Credit Card
- Southwest Credit Card
- Delta Credit Card
- British Airways Card - Get 100,000 Bonus Points
- Blue Cash Preferred
- Capital One Venture
- Discover Card
- Chase Ink Credit Card
- Discover More Card - 18 Month Promotional Balance Transfer
- Chase Sapphire Preferred
- Ritz-Carlton Rewards Credit Card
- Citi Diamond Preferred Card
- American Express Premier Rewards Gold Card
- Starwood Preferred Guest
- American Express Gold Card
- Citi Dividend
- Capital One Cash Rewards
- Discover Student
- Marriott Rewards Credit Card
- Marriott Rewards Premier Credit Card
- Capital One Secured Credit Card
- Hilton Rewards
- Credit Card Rewards
Broker Reviews