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EURUSD inches above 200 hour MA in early US trading

The EURUSD had a lid on the upside in the Asian/early European session against its 200-hour moving average (green line on the chart below), and then was pressured lower in the European session helped by weaker German IFO data. However, the fall has seen a rebound in the early US session, the price moved back above 1.0900, and the rise has now seen the price move above the 200-hour MA at 1.09145.The price is not "running" higher per se, but the bias has tilted more to the upside above that 200-... Read More

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Posted: Jun 26 2023, 12:42

Author Name: forexlive

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