Forex technical analysis: EURUSD moves up to key resistance area...

Technical Analysis

Author: Greg Michalowski | eurusd

...and stalls

The USD has moved back lower as stocks move lower, Trump does not talk about infrastructure spending, harps still on Hillary.  


The EURUSD has moved back up to the 1.0517-21 area where the 200 hour MA is found and where swing levels stalled the pair going back to 2015 (see earlier post).  A move above could see further momentum higher. Right now, the resistance area is holding the rally.


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