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EURUSD on the 5-minute intraday chart, stays below falling 100 bar MA

EURUSD on the 5-minute intraday chart, stays below falling 100 bar MA
In the morning video, I spoke of the key support in the EURUSD ahead of the 100-day MA and 50% midpoint of the move up from the March 15 low. Both those levels come in at 1.0805. You can watch the short video here:Since then a new low was made at 1.0895 which stayed above that key support level. What I did not speak to, was the price action on the 5-minute chart (see chart below).Looking at it, in the Asian session the price traded sideways to higher and in the process traded above and below th... Read More
Posted: May 17 2023, 15:13
Author Name: forexlive
Views: 102592

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