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EURUSD moves above next target swing area and looks to the 50% midpoint

The dollar selling continues and that includes a move to new highs for the EURUSD.Looking at the 4-hour chart above, the price has now moved above a swing area between 1.08424 and 1.08485 (see video from earlier today). The next target comes against the 50% midpoint of the move down from the April high. That level comes in at 1.0865. Getting will the 50% retracement opens the door for further upside momentum in the pairThe run to the upside today also was able to extend above both the 100-day mo... Read More

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Eurusd

Moves

Above

Target

Swing

Area

Looks

Midpoint

Forex

Posted: Jun 14 2023, 15:08

Author Name: forexlive

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