Forex Trader

Daily MA 100 is placed at 1.1043 today and the pair opened the day above at 1.1050. For now, the low of the day is 1.1032 and it seams that daily MA 100 hold the pair on the way down. First resistance is placed at 1.1080, as you can see it was already hold on the way up. The level was yesterday’s temporary support on the way down. Stronger resistance for the pair could be 1.1160/70 if the pair manage to reach that. The previous resistance from yesterday and H4/MA 200 is there, that could be the problem for the bulls. Stronger support if the pair boke lower is placed at 1.1000/10, follows support from Sunday/Monday opening at 1.0950/60. The pair is lookoing slightly bullish today, but there is long way on the way up for several reasons. Well, let’s take a look at the technical levels, that is all that matters.