100 bar MA on 4-hour chart
The EURUSD moved above the 200 hour MA today. Held support against the MA on the correction (at 1.0588), and is now back up testing the 100 bar MA on the 4-hour chart at 1.06289. The price has not traded above this MA since Feb 7th.
Traders now have a harder decision. Earlier the pair was in a more narrow trading range. The range is now 79 pips. The average trading range is 78 pips. So we reached the average AND we reached the 100 bar MA target. CLICK here for a look at the prior post.
