IN the kickstart video, I spoke about the EURUSD having resistance against the 1.1594 level, then support against the rising 100 hour moving average.
The US session did moved to new session lows and in the process tested the rising 100 hour moving average where buyers leaned, stalled the fall and pushed the price back higher – ultimately to new highs. The price has since moved above the swing area near 1.1594. Buyers are making a play on the break.
Can the buyers keep the momentum going? Key break/test in the EURUSD.
This article was written by Greg Michalowski at investinglive.com.