Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home

Forex Trading:EURUSD through the 200 hour moving average

Posted by Greg Michalowski on Mon, 05/12/2008 - 10:14am in

The market moved above the 200 hour moving average after testing the level 3 times prior but failing to close above it.  The level comes in at 1.5469.  This level should provide support today.  A move back below the level and the move higher would be neutralized.