EURUSD test its 100 hour moving average target. Risk/bias defining level

  • The 100 hour moving average is at 1.0455
EURUSD
EURUSD tests 100 hour MA area.

Be aware.

The EURUSD is testing its 100 hour moving average at 1.0455. The levels is a risk/bias defining level. Trade below with momentum tiltsthe bias further in the favor of the sellers.

Conversely, holding support would have traders looking toward 1.04709 as a comfort bounce level to get to and through. Get above that level and there should be more bounce potential.

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