The Traderszone Network

Published in TZ Latest News 4 November, 2016 by The TZ Newswire Staff

Forex technical analysis: EURUSD inches higher as London fix approaches

100 day MA approached at 1.1131
The EURUSD is inching higher as the London fixing approaches. 
The pair has made new session highs. The range is still  very narrow at 43 pips -the average is 72 pips.  The highs from yesterday came in at 1.11253. The 100 day MA comes in at 1.11312.  The market has been leaning against that level this week. A break above will target the trend line at 1.1160 and then the 200 day MA at 1.1178.