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EURUSD extending higher and looks toward its 100 hour moving average

The EURUSD is moving to a new session high and in the process is extending toward its falling 100 hour moving average (SEE blue line on the chart below) at 1.05783. The 38.2% retracement is just above that level at 1.05823. If the buyers are to take more control getting above those levels would give them more comfort technically (and more control). The 50% and swing area between 1.06106 and 1.0616 would be the next key target. Taking a broader look at the daily chart, the low price from yesterda... Read More

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Content Topics

Eurusd

Extending

Higher

Looks

Toward

Hour

Moving

Average

Forex

Posted: Sep 28 2023, 15:15

Author Name: forexlive

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