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EURUSD dipping below the 200 hour MA, but swing lows remain a downside hurdle

The last 6 days of trading in the EURUSD has had it's share of ups and downs as evidenced by the red and green numbered circles between 1.0775 and 1.0874. Yes, there was a failed break lower and a failed break higher yesterday as the pair, fell, then rallied helped by the weaker US data, but each break failed.

Today, the 200 hour MA stalled the falls in the Asian-Pacific session, but the subsequent rally - although able to get back above the 100 hour MA - failed to push back toward the... Read More

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Content Topics

Eurusd

Dipping

Below

Hour

Swing

Lows

Remain

Downside

Hurdle

Forex

Posted: Jan 19 2023, 16:34

Author Name: forexlive

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