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EURUSD gets closer to rising 100 hour MA

The EURUSD has been consolidating near the lows over the last three hourly bars. With the 100 hour moving average moving to the upside, the price is getting closer to that moving average level. The moving average currently comes in at 1.08492 (let's call it 1.0850 - it moves up about 1 pip per hour). The low price today reached 1.08568. The current price trades at 1.08625.

Move below with some momentum would have traders looking toward the 200 hour moving average of 1.08269. Back on M... Read More

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Eurusd

Gets

Closer

Rising

Hour

Forex

Posted: Mar 31 2023, 16:54

Author Name: forexlive

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