.The EURUSD and also the GBPUSD both bounced off crucial hourly moving averages on the US treatment dip.The EURUSD bounced off its 100-hour MA at 1.0920. The 38.2% retracement of the move-up coming from the August low is actually also near that degree. Keeping above is actually even more bullish going forward.The GBPSD and also soffits 200-hour relocating average at 1.2753. Remaining above is actually much more bullishThe rate action today has actually been up-and-down in each of these unit of currency pairs. There is no pattern. Having said that, the sag against the amount, offers the customers handle in the temporary. What is uncertain is if the momentum can easily carry on. Nonetheless, the purchasers are make a play.This post was actually written through Greg Michalowski at www.forexlive.com.