EURUSD stalls just ahead of March highs

30 March 2016, 16:41
Francis Dogbe
The EURUSD has come off the highs in the last few minutes of trading. The pair had been testing key trend line resistance at the 1.1326 area and the high price from March 17 and 18 at the 1.1336 and 1.13418 levels respectively (see video on the EURUSD from yesterday). The high price peaked between the levels at 1.13385. Looking at the 5- minute chart, the price has retraced near the 50% of the days range. The price has dipped below the 100 bar MA on the 5- minute chart - this is the first dip below in the London/European session. The 200 bar MA has now been broken since just before the ... READ MORE
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