Nope. Just a strong long term support and as you predicted last week a double bottom!mlawson71 wrote: Wed Feb 20, 2019 3:03 am Were there any fundamentals today that it rallied as it did? Or is it just the result of the double bottom?
EURUSD trades to new highs and tests trend line
Trend line and the 1.13405 are eyed above
The EURUSD trades to new highs and in the process is testing a trend line connecting last week's, and this week's highs. Above that the 38.2% and high from last week comes in at 1.13405.
Earlier I wrote on the ups and downs:
The pair is still trying to find its way, but having a tough time commiting to higher or lower. The area between the 100 and 200 hour MAs is a neutral zone in the middle of the range. Trade above is move bullish. Trade below is more bearish. Flip the coin and hope for the "market" to go your way. That is what the price action and technicals are saying.
The sentiment remains the same except, the bias is now tilted higher but with topside levels gettting in the way.
Source: https://www.forexlive.com/technical-ana ... e-20190219
