EURUSD retraces early gains but holding intraday support so far

Watching intraday support The price of the EURUSD opened near its 100 day MA after skimming above and below that MA level during trading on Friday. The emergency Fed but sent the dollar lower/the EURUSD higher. The move took the price above both the 100 and 200 bar MAs on the 5 minute chart (currently […]

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USDJPY makes NY session highs. Trades above intraday resistance levels.

Tests 50% of move down from yesterday’s high. The USDJPY is trading at NY session highs after breaking above the 200 bar MA on 4-hour chart, trend line resistance on the hourly chart and 200 bar MA on the 5- minute chart at the 111.30-34 area. Looking at the hourly chart below, the low for […]

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