The US stocks move to new lows. NASDAQ tests its 50 hour moving average ...Middle East

At session highs yesterday, the price moved above its 100 hour moving average currently at 17068.54, but stalled ahead of a swing level near 17238.24. The high price reached 17202.94 before returning back to the downside. The move back below that level in trading today disappointed the buyers on the failure of increase momentum after yesterday's historic run to the upside.

This article was written by Greg Michalowski at www.forexlive.com.

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