CapMoore

Price is Testing Channel Floor

FX:EURUSD   Euro Fx/U.S. Dollar
95 0 0
Price is back at the channel floor and is showing
some early signs of respect. This level roughly coincides
with the SMA200, which may bring additional support.
A close below Monthly S1 at 1,1020 will shift focus to Yearly S2
at 1,0820 and above that, Monthly S2 at 1,0865. A close
above the channel floor will give an opportunity to
play the range, as price is also somewhat oversold as it
trades below Weekly S3 at current level.
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