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EURUSD falls below 100 hour MA. Can the sellers keep the momentum going?

EURUSD falls below 100 hour MA. Can the sellers keep the momentum going?

The EURUSD is making a break below the rising 100 hour MA. That level comes in at 1.04948. The price is also dipping below the November highs that came in between 1.04806 and 1.0496. The low price just reached just reached a new session low 1.04768.

So is looking for more downside could now use the 100 hour moving average of 1.04948 as a risk defining level. Stable is more bearish. On the downside, the 38.2% retracement of the move up from the November 21 low consequence of 1.04521. Bel... Read More

Posted: Dec 6 2022, 18:05
Author Name: forexlive
Views: 102573

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