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EURUSD moves to a new year high but backs off
The EURUSD has seen a move above the swing highs that stalled the rally between 1.0866 to 1.0874. The high price moved up to 1.08868. However, the price has backed off and failing on that break.
The buyers had a shot and they failed. That could see the buying bias shift more to the downside. Staying below the 1.0874 level would be needed to keep that bias in place. Moreover, moving toward the 100 hour MA would be needed as well at 1.0823.
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Posted: Jan 18 2023, 14:56
Author Name: forexlive
Views: 110794