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EURUSD backs off from test of the high from October

The EURUSD moved above the 100 day MA target at 1.0042 and found more buying. The next target was the high from October 27 at 1.0093. The high price reached 1.00957 just above that level. Buying stalled and the price has since moved lower. Call it a double top.

The price has rotated back down to a low of 1.0060. That is still above the 100 day m... Read More

Posted: Nov 8 2022, 18:52
Author Name: forexlive
Views: 102135

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