By: Greg Michalowski
The markets are quiet. Little is happening as traders await for the next move. So here is a quick summary of what I see. EURUSD. The price has been holding above the 50% of the days range and the 200 hour MA (green line). Stay above and it is bullish for the pair. GBPUSD: Up and down over the last few days. The bias is bullish after holding the trend line support earlier today. Now approaches the topside trend line at the 1.5661 area/ A move above is needed to keep the bulls in charge. USDJPY: The USDJPY held the 100 hour MA earlier in the day (blue line) and has moved below trend line support lines. The bias is bearish below the 100 hour MA (at 79.07). The 200 day MA is at 70.04. This is also bearish. USDCAD AUDUSD
The markets are quiet. Little is happening as traders await for the next move. So here is a quick summary of what I see. EURUSD. The price has been holding above the 50% of the days range and the 200 hour MA (green line). Stay above and it is bullish for the pair. GBPUSD: Up and down over the last few days. The bias is bullish after holding the trend line support earlier today. Now approaches the topside trend line at the 1.5661 area/ A move above is needed to keep the bulls in charge. USDJPY: The USDJPY held the 100 hour MA earlier in the day (blue line) and has moved below trend line support lines. The bias is bearish below the 100 hour MA (at 79.07). The 200 day MA is at 70.04. This is also bearish. USDCAD AUDUSD
