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Appetite for further EUR/USD upside being tested

Appetite for further EUR/USD upside being tested

That is quite a major technical level on the charts as the post-CPI selloff in the dollar allowed for a strong rally once getting above parity and its 100-day moving average (red line) last week. The question now is, what appetite do buyers have in chasing a further upside leg?

The 200-day moving average (blue line), now seen at 1.0422, is a crucial level in determining that particular bias at the moment.

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Posted: Nov 16 2022, 08:49
Author Name: forexlive
Views: 110814

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