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EURUSD finds support at 1.0900 and bounces. Resistance at 1.0942. Why?

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... Read More
Posted: May 11 2023, 16:50
Author Name: forexlive
Views: 110673

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