The Traderszone Network

Published in TZ Latest News 15 March, 2016 by The TZ Newswire Staff

It is one of those days for the EURUSD…

You can try and make sense of it but might not get very far…
The market price action today is not a thing of beauty for the EURUSD…
 
Looking at the intraday chart, there were a couple holds against the 100 hour MA and a few fails (blue step line in the chart below).  The move to the high after the weaker retail sales failed miserably and the price is back below that MA line which is at 1.10918.  Any clues from the stock?  Not really. Fed anxiety?  Perhaps.  The pair remains in a narrow range for the day. The London/European traders will be heading home shortly. Lucky you….