Forex technical analysis: EURUSD tests 50% and 100 bar MA via ForexLive

Intraday resistance level The EURUSD has moved up to test the 100 bar MA on the 5-minute chart and the 50 % retracement of the days trading range.  That level comes in at 1.1088.  Traders have a decision to make - move above and put another look at the 200 day MA, OR head back lower where the 100 hour MA.

posted via ForexLive