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EURUSD corrects back to the 200 hour MA. Finds sellers.

EURUSD corrects back to the 200 hour MA. Finds sellers.

The EURUSD has corrected higher off the low for the day at 1.05856 and moved up to test the 200 hour MA at 1.06142. The high price reached 1.06153 just above that level.

The holding at that level is good for sellers and keeps the sellers in firm control. A move above would water the bias modestly.

Looking at the hourly chart below, the 200 d... Read More

Posted: Mar 7 2023, 15:48
Author Name: forexlive
Views: 111452

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