The 200 hour MA comes in at 1.1179
The EURUSD is down testing the 200 hour MA at 1.1179 as the dollar finds a bid in early NY trading. Overall today, after a move lower, the pair has been waffling up and down.
The pair tumbled below that 200 hour MA (green line) at the opening but then recovered above that line, and used that level to base in the Asian session.
The high today extended above the 100 hour MA on two hourly bars (blue line) but fell short of the high from Friday. NY traders pushed away from the 100 hour MA (at 1.1197), down to the 200 hour MA.
The pair has traded mostly between those MA “goal posts” A break (either above or below) will be eyed for additional momentum.