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EURUSD disappointment. Price is back below the 100 day MA.

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

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