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EUR/USD nears a test of key support level as dollar stays poised

EUR/USD nears a test of key support level as dollar stays poised

The drop yesterday following Fed chair Powell's hawkish remarks is putting the late February lows in focus now but the key technical level to watch is arguably the 100-day moving average (red line), seen at 1.0517 currently. That will add to a layer of defense for the pair alongside the 1.0500 mark, which helped to stall the early January push lower.

A break below the levels highlighted will provide sellers with ren... Read More

Posted: Mar 8 2023, 08:44
Author Name: forexlive
Views: 110722

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