EURUSD ticks up to touch the 200 hour MA and then push lower.

EURUSD stays below the 200 hour MA on the correction higher

With the price action today in the EURUSD, you have to wonder if we are just setting ourselves up to next connect to the CPI. That is, are we stuck in the 15 day trading range until that data potentially breaks us out of the up and down trading range?

The price action today saw the pair move down sharply, BUT find support at a higher high for the third low in a row (since July 27, the low on July 28, August 3 and again today were each higher). That is somewhat bullish, or at least there is some buying support on dips..

Steve Walker

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