The moving average cluster around 113 of the 8, 34, and 50 day MA's have stopped every rally for a week in its tracks. Rejection should push down to 1.1220, the 100 day MA, and then the lower trend line.
Watch the MA cluster, a close above that area and we rocket north.
Watch the MA cluster, a close above that area and we rocket north.
Comment:
Eurusd really breaking down now, crucial to watch that longer term trend line at 111.60.
