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EURUSD falls back below the 50% of the 2022 range but falls short of November high targets
The EURUSD has moved lower after the better than expected ISM services index and in the process pushed below the 50% midpoint of the 2022 trading range, but fell short of the November highs that came between 1.04806 and 1.0496. The low reached 1.05029 and has bounced.
It would take a move below all those levels to tilt the bias more to the downside with the rising 100 and 200 hour MAs as other support targets. The sellers made a play. They fell short of the needed targets so far.
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Posted: Dec 5 2022, 15:53
Author Name: forexlive
Views: 110278
