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EURUSD cracks below 200 hour MA and runs lower

The EURUSD has moved below the 200 hour MA at 1.0349 area, and with the break is seeing the buyers turn more to sellers. The price has dipped briefly so far below the low from yesterday as well and the 61.8% of the move up from the November 21 swing low at 1.03267.

Sellers are making a play. The 200 hour MA is now risk. Stay below is more bearish in the short term at least.

On the downside, watch teh 1.0273 to 1.02918 as the next key target area (see red numbered circles). Move b... Read More

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Content Topics

Eurusd

Cracks

Below

Hour

Runs

Lower

Forex

Posted: Nov 29 2022, 14:10

Author Name: forexlive

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