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EUR/USD hovers near key support with large expiries in play today

This was perhaps coming after the troubling end to last week for EUR/USD, as outlined on Monday here. With the dollar maintaining decent form through this week, the pair is now slipping closer towards its 100-day moving average (red line) - seen at 1.0806.That alongside bids layered at the 1.0800 mark is now the key technical test of support for EUR/USD.Buyers will have to hold at these levels to maintain the upside momentum. Otherwise, we might be in store for a steeper fall in the pair. The 10... Read More

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Eur

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Hovers

Near

Support

With

Large

Expiries

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Today

Eur usd

Forex

Posted: May 18 2023, 09:22

Author Name: forexlive

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