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EUR/USD Technical Analysis

On the daily chart below for EURUSD, we can see that with the latest rejection of the February high at 1.1033, we may have a possible double top in play. The price failed to break above the high as the US Retail Sales missed expectations across the board giving the market some recessionary vibes. The buyers though keep leaning on the red long period moving average, so a break below that MA would be significant for the sellers. The next thing to watch is the US Jobless Claims report todays and th... Read More

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Eur

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Eur usd

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Posted: Apr 20 2023, 11:08

Author Name: forexlive

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