Forex technical analysis: EURUSD trades to new highs in face of higher PPI - ConsultFX

Forex technical analysis: EURUSD trades to new highs in face of higher PPI

Stays above 100 day MA at 1.17325 on the dip The US PPI came in better-than-expected, but the EURUSD traders don't care.  The price moved from 1.1747 before the number to a low of 1.1738 after. That will was  still above the 100 day moving average of 1.17326.  Staying above that level is more bullish and Copyright 2015 Forexlive.com