Technical Analysis

EURUSD sellers are trying…. | Forexlive

EURUSD below 200 hour MA, but…..

Now on yet another attempt, the MA is being broken with the pair moving to a new day low.

If they can, the sellers have more work to do to get the pair outside the range that has confined the pair over the last three days including the:

Those are the progression levels that would now need to be broken now that the 200 hour MA is broken (and assuming it can remain broken). So far, the price has moved to the 50% and into the swing area, but stalled at the 50% retracement level.

Conversely, fail on the break and chalk it up to more ups and downs as the clock ticks toward the end of the year.

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