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EURUSD makes another try above its 100 hour MA, but Bullard slows rise.
The EURUSD has extended above its 100-hour moving average at 1.08215 for the 2nd time today. Late in the London morning session, the price moved above that moving average but backed off. The modest fall to price back to the 100-day moving average of 1.08092 and found support buyers. Breaking above the 100-hour moving average is a bullish bias shift in the short term. The next target comes between 1.08420 and 1.08485. That area represents sewing lows and highs going back to May 12 (see red number...
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Posted: May 22 2023, 13:00
Author Name: forexlive
Views: 081568