Subscribe To
EURUSD disappointment. Price is back below the 100 day MA.
The EURUSD raced higher today, and in the process extended above the 50% midpoint of the move down from the August high. That level comes in at 1.09148. The price also moved above a swing area between 1.0911 and 1.09179 which brackets that 50% midpoint level.Above that the 100-day moving average was also broken at 1.09258.The high price moved to 1.09448 about 6 pips short of the next target at the 61.8% retracement at 1.09501.Sellers have not taken the price lower over the last 3 trading hours a...
Read More
Posted: Aug 30 2023, 16:16
Author Name: forexlive
Views: 111698