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EURUSD extends to a new high in early US trading

EURUSD extends to a new high in early US trading

The EURUSD is moving to a new high for the day and in the process is extending above the end of December high at 1.07127. The next target is the high from December 15 at 1.0735.

Moving above that high would take the price to the highest level going back to June 9.

Looking at the daily chart below, a move above the December high would also put the price closer to the 61.8% of the move down from the 2022 high at 1.07468. There is also a swing area from that level up to 1.0805. Read More

Posted: Jan 9 2023, 13:43
Author Name: forexlive
Views: 102597

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