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EUR/USD staggers towards key technical test as dollar holds firmer

EUR/USD staggers towards key technical test as dollar holds firmer
Well, the previously highlighted triple top pattern above 1.1000 is truly playing its role as the ominous signal for EUR/USD price action at the moment. The pair is trading down 0.3% again today to 1.0830 as sellers are pushing the agenda, staying in search of a test of 1.0800 and the 100-day moving average (red line) at 1.0804 currently.That will be a big level to watch for EUR/USD from a technical perspective. The latter helped to limit the downside push back in March and a break below that th... Read More
Posted: May 17 2023, 07:56
Author Name: forexlive
Views: 102059

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