Forex Trader

After yesterday’s slide down to 1.0916, the pair manage to bounce at the end of the day and close above 1.1000. During the night at the Asian sesion, 1.0972 supported the pair, the previous support from July 06. after wich the pair bouced up again and reached yesterday’s resistance at 1.1058 high. Daily MA100 is placed today at 1.1030, it seams like the buyers could have a problem with that level now. First support on the way down is 1.1000/15 now, 1.0970/80 bellow. On the way up, M30 MA200 and H1 MA100 are placed at the same level at 1.1046, after wich is previous resistance at 1.1050/60. It’s volatile day, great for technical trades and I don’t even watch the news any more.