The bias turned further bullish & the value moved higher in the early Eu session to a high of 1.2004 – only above the natural 1.2000 resistance area.
The value moved lower.
The 1.2042 was the low swing value from 2012.
The 1.1876 standard was the 2010 swing low (see every week map below)On the topside this week, the pair stalled ahead of the 1.2042 standard (high reached 1.20326).
The 1.2042 standard Information Systems the swing low from 2012 (see map below).
Forex technical analysis: EURUSD stalls in MA ambit (but only barely)
Peaks against the hundred hour MAThe EURUSD moved higher over the final hour or so, & in the process moved above the 38.2% at 1.19258.
That run peaked against the hundred hour MA (blue line in the map below) & 1.19549 (the high reached 1.19534).
That moving average was the top of 3 involving the hundred hour moving average on the 4-hour map at 1.19393, & the 200 hour moving average at 1.19462 (the hundred hour MA at 1.19544 was the highest).
Going forward, traders going to need to see which moving average ambit hold resistance (yellow area).
Those low standards (at 1.18371 & 1.18225) are other key standards to break if the bears are to make further of a play.
Forex technical analysis: EURUSD retracing fall from FOMC. Draghi speaks.
On the topside, in addition to the 38.2% retracement resistance at 1.1926 are a bunch of MAs at 1.1939-555 area.
The hundred bar MA on the 4-hour comes in at 1.1939.
The 200 hour MA comes in at 1.19468.
The hundred hour MA comes in at 1.1955.
ON the downside, the 200 bar MA on the 4-hour map at 1.18687 going to be eyed.
collected by :kiven Dixter