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EURUSD moves below its KEY 100 day moving average at 1.0930. Now close risk for sellers.

The EURUSD is moving to a new session low and trades at the lowest level since July 7. The move lower has now taken the price below its 50% midpoint of the range since the January 2021 high at 1.0942, and the100 day moving average at 1.0930.Those levels are now close risk. Staying below is more bearish. The current price is trading at 1.0905. The low for the day is just below that level at 1.0901.Drilling down to the 4-hour chart, there is a swing area 1.0886 and 1.0899. Below that is the 61.8%... Read More

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Content Topics

Eurusd

Moves

Below

Moving

Average

0930

Close

Risk

1 0930

Sellers

Forex

Posted: Aug 14 2023, 13:19

Author Name: forexlive

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