Яндекс.Метрика EURUSD follows the GBPUSD higher (USD lower). Back toward middle of range. – Technologies of the future for life!
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EURUSD follows the GBPUSD higher (USD lower). Back toward middle of range.


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Ups and downs continue. Stalls near the 200 and 100 hour MA.

The EURUSD is following the GBPUSD higher, but at a slower pace. The pair also bottomed yesterday near recent swing low levels that has stalled falls on November 30 and December 5th.  The rise higher today, has taken the price back toward the 200 (green line) and 100 (blue line) hour MAs.  Those levels come in at 1.13595 and 1.13695. The 50% retracement comes in at 1.1374.   Moves above would be more bullish. 

From the chart, the pair remains in a trading range. There are various swing levels on the topside and down below. The bottom at 1.1304-10 is move defined. On the topside the 1.1400 area and then 1.1412-18 is an area to get above. The price on Monday tried to extend higher but that move stalled when the high tested a topside trend line.   
Ups and downs continue.

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