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EURUSD moves back up to test swing area. Get above 1.08485 would tilt short-term bias.

The EURUSD has moved back to the upside after starting the US session moving to the downside. The low in the New York session reached 1.08135. I came up short of the low from yesterday at 1.08017 and the 200 day moving average at 1.0799.The subsequent move higher has taken the price to a US session high 1.08481. There is a swing area between 1.0833 and 1.08485. So far sellers have put a lid on it near the high of that swing area (see red numbered circles on the chart above). However, if the pric... Read More

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Content Topics

Eurusd

Moves

Back

Test

Swing

Area

Above

08485

Would

Tilt

1 08485

Short term

Forex

Posted: Aug 24 2023, 14:52

Author Name: forexlive

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