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EURUSD moves to a new session low but not by much.The 61.8% target at 1.10017 looms below.

The EURUSD started the US session with a low at 1.1004 and just above the 61.8% retracement at 1.1002. The high was at 1.1037 which was just short of the 100-hour MA. That was a narrow range of only about 33 pipsIn the NY morning session, the price moved above the 100-hour MA to a new high (blue line currently at 1.10367). The next target was the 50% retracement at 1.10539, and then the falling 200-hour MA (green line) at 1.10836. The high reached 1.1045 short of those targets, and when the pri... Read More

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Content Topics

Eurusd

Moves

Session

Much

The

61 Target

10017

Looms

Much the

1 10017

Below

Forex

Posted: Jul 31 2023, 18:10

Author Name: forexlive

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