Trades between 100 and 200 hour MA
The EURUSD is trading nearer high levels as NY traders enter. The pair has had a steady, but slow climb higher from the Asia-Pacific low at the 1.09314 (low for the new week). The move higher has been able to extend above the 1.0961- 1.09678 area (where number of swing lows and highs have occurred since July 21) and also the 100 hour moving average (blue line in the chart below), which currently stands at 1.0971. In the 1st hour of NY trading, there has been a look below the 100 hour moving average, but that was quickly reversed. The buyers remain in control for the time being.
Forex technical analysis: EURUSD keeping near day highs as NY traders enter
