EURUSD tests 200 day MA at the 1.4017 level

Written September 7, 2011 at 9:28 AM EST by  

The EURUSD tested the 100 hour MA earlier today and fell off. Since that time, the price is back down and looks to test the 200 day MA at the 1.4017 level.  The price moved below this key level yesterday but found support against the long term trendline on the daily chart at the 1.4072 level.

Looking at the 5 minute chart the 1.4017 is also a level where floors and ceilings have formed over the last 24 hours.  Key level for todays trading. 

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One Response to “EURUSD tests 200 day MA at the 1.4017 level”

  1. shri on September 7th, 2011 10:22 am

    Yes, 1.4017 has supported. But this pair has no strength to go up too !

    All we can see is the price is below 100hr MA and 100MA in 5 min chart.

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