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EURUSD reaches 50% midpoint at 1.0865 (well just short). A move above will look to 1.0900.
So what levels are in play through the FOMC rate decision?The EURUSD extended up to - and then through - the 200 bar moving average on the 4 hour chart at 1.08334 (see green line on the chart above). The price has moved to a high of 1.08637. That was just a PIP or so away from the 50% midpoint of the move down from the April high to the May 31 low. That midpoint level comes in at 1.08650. The current price is trading at 1.0855 as the clock ticks toward the FOMC rate decision at the top of the ho...
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Posted: Jun 14 2023, 17:50
Author Name: forexlive
Views: 081293