Euro Stuck In A Range Near All Time Low
The 4 PM London fix yesterday result in the dollar moving lower.
EURUSD rallied yesterday, moving above the 0.99515 swing low from July and racing up to the 100 hour MA.
Today, the price for the EURUSD moved back below the 100 hour MA and returned to the 0.99515 level (the low reached 0.99548), and we are seeing a rotation back to the upside. The lower 100 hour MA has been broken at 0.9976 and the price is moving back to the parity level at 1.0000. A move above that level will have traders looking toward the 38.2% at 1.0015
