Posts Tagged ‘Lows’
It’s been a wild couple of weeks as the market retraced all of its “flash crash” losses and then proceeded to sink back down near the “flash crash” lows. As I suspected, the 50-day moving averages were the caps for the bounce. On the day of the flash crash I talked about how [...]
Categories: Forex Trader
Substantially bearish price action on EUR/USD, a daily chart of which is shown, has once again descended to re-test the 10-month lows that were hit in late March (1.3266) and double-tested in early April (1.3281). The current re-test of these lows could either become a triple bottom low or turn into a key support breakdown [...]
Categories: Technical Analysis
