EURUSD stalls at 100 hour MA ...Middle East

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EURUSD stalls at 100 hour MA

The EURUSD moved up and tested the 100-hour MA at 1.0970. The sellers leaned on the first look.

The price low today tested the 61.8% of the move up from the March 27 low AND the 200-hour MA. Both those come in near 1.0890. and will be downside targets on a move back down.

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

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