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EURUSD trade of the day was selling vs. the 200 day MA. What now

ByGreg Michalowski

Aug 28, 2015

Friday and month end (ish)
The EURUSDs trade of the day came on the
corrective move to the 200 day MA (green line in the chart below). Traders
lined up against the MA and the price rotated lower by about 60 pips.

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  3. Mnuchin: Housing finance reform will be focus of second-half of the year
  4. Euro edges lower on weak German data

By Greg Michalowski

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