Forex technical analysis: EURUSD tests trend line support
Off to a quiet start to the week. Lower high. Higher low.
The EURUSD is off to a quiet start to the week. The trading ranges is 45 pips. The low is high than the low from Friday. The high is lower than the high from Friday. Looking at the hourly line, the price has been testing a trend line connecting the low correction price AFTER the FOMC decision. That line currently cuts across at 1.0745. The price has moved a touch below the line over the last two hourly bars but with no momentum. The buyers are remaining more in control.