menu search

Buyers and sellers continue to battle in the EURUSD. Buyers still in control.

Buyers and sellers continue to battle in the EURUSD. Buyers still in control.
Earlier today, I spoke of the EURUSD 100-day MA holding support after the US CPI. If the level could not hold support, a probing back toward the swing area between 1.0777 and 1.07868 would be the next downside target (see green number circles). That is exactly what happened. True to the technicals, support buyers did show up near the low of that swing area, keeping the bias in the favor of the buyers in the process. As always, if support holds on the downside, the focus returns to the resistanc... Read More
Posted: Jun 13 2023, 15:17
Author Name: forexlive
Views: 102521

Search within

Pages Search Results: