The Traderszone Network

Published in TZ Latest News 21 July, 2016 by The TZ Newswire Staff

Forex technical analysis: EURUSD moving higher on Draghi’s initial comments

“Structural reforms” comments are the market focus…
The EURUSD initial move was higher after Draghi’s early comments.  The pair technically has moved back into the > 1.1023-28 level that I have been harping on over the last few days. The price is also moved above the 100 hour MA at the 1.10416 level. That MA held resistance in early London trading today.