Lower it slides

Posted Wednesday, April 13, 2016 by
Skerdian Meta • 1 min read

Yesterday in the European session EUR/USD placed a base in the 1.1390-1400 region and had a go at the resistance. It broke 1.1450 and reached 1.1467. But that was it; the price quickly turned around and fell to 1.1340s. Today looks like the resistance has slipped to 1.14 from 1.1450. The price retraced to 1.14 from yesterday´s lows but couldn´t move above it. The situation with USD/JPY seems to be helping too. 

The 100 MA which comes at around 1.1390 – 1.14 has turned into resistance now

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