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EURUSD finds support at 1.0900 and bounces. Resistance at 1.0942. Why?
The EURUSD moved sharply lower today after all the resistance against its 100 hour moving average in the Asia-Pacific session. The subsequent move to the downside stalled just below the 1.0900 level. A number of option expiration were taken place at that the strike price today. The last few hours has seen a rebound back higher and toward a floor area between 1.0933 and 1.0942. The 1.0942 level is a another key level off the daily chart as well which increases at levels importance for both buye...
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Posted: May 11 2023, 16:50
Author Name: forexlive
Views: 110673