Forex technical analysis: EURUSD dips below trend line but can't extend with momentum - ConsultFX

Forex technical analysis: EURUSD dips below trend line but can't extend with momentum

100 and 200 hour MAs converged above. The EURUSD has waffled back and forth in trading today. Earlier in the fall stalled at a lower trendline on the hourly chart. The subsequent rally the price back up to the 100 hour moving average.  The pair even peaked above the MA line but stalled quickly and started Copyright 2015 Forexlive.com