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EURUSD finds support neat 100 day MA and finds some buying interest

The EURUSD has been stepping down today, and the focus for the pair was looking at its 100-day moving average (blue line currently at 1.09132). Recall that back in early July, the price approached that moving average on July 6 and found willing buyers (see chart above). Today with the dollar buying (EURUSD selling), the price once again approached that moving average and for the 2nd time in less than a month, the buyers leaned against the level. The EURUSDs price has rebounded back to the upside... Read More

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Posted: Aug 2 2023, 17:25

Author Name: forexlive

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