EURUSD bounces back higher ...Middle East

Technically, the price moved down to test the rising 100-hour MA on the headlines, and got within 5-6 pips of the MA level. Buyers leaned and the dip as risk could be defined and limited against the level The backtracking led to more buying as London/European traders exited for the week.

The price has now moved back toward the highs from Wednesday at 1.1362. Above that is a 61% retracement of the move down from the April high. That little comes in a 1.1378. The high prices from May 6 and May 7 also stalled near that retracement level increasing its importance (see green numbered circles).

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

Read More Details
Finally We wish PressBee provided you with enough information of ( EURUSD bounces back higher )

Also on site :

• Terrorist plot foiled in Russia’s Kaliningrad – FSB
• Old Navy Is Selling a 'Very Comfortable' Mini Dress for Just $17, and Shoppers Say It’s 'Perfect' for Summer
• Your Next 3 Years: What Happens When Saturn Enters Aries