Trades in the middle of the 3+ day value area…
The EURUSD – since midday Friday – has traded most of the time between 1.0882 and 1.09247. That is not a lot of room. At the close of yesterday and into the Asian session today, the price moved above the 1.09247 level and moved to a high of 1.0936. That fell short of the highs from last week at 1.0946 and the double top at 1.0950 area. When the price fell back below the 1.09247, the buyers turned to sellers, and the price action has seen the ceiling reestablished at 1.0922-247.
Forex technical analysis: EURUSD break fails. Back down to 100 hour MA
