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EURUSD reaches 1.0500 and high of a swing area ahead of the October low.

The EURUSD has moved down to a new low and in the process has reached the high of a swing area between 1.0483 and 1.0500. The low price has reached 1.0496 so far.The swing area is home to a number of different swing lows going back to September 27. Last week the low price reached 1.0483 and bounced. Taking a broader look at the daily chart, there is also a swing area between 1.0483 and 1.05335 that goes back to November 2022 (see red numbered circles on the chart below). A move below 1.0483 wou... Read More

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Content Topics

Eurusd

Reaches

0500

High

Swing

Area

Ahead

October

Low

1 0500

Forex

Posted: Oct 13 2023, 15:07

Author Name: forexlive

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