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EURUSD rebounds back above 200 MA. Key bounce at the lows too.
The EURUSD fell back below the 200 day moving average at 1.03875 and extended down to a low price of 1.0354. That low entered into a swing area going back to May June and July. The lows in May and June stalled within that area. On July 1, the price also stalled within that area before breaking lower on July 5. Fast-forward to August, and the corrective high in that month stalled within that area (see red numbered circles in the chart above).
In November, the price has traded above and b... Read More
Posted: Nov 25 2022, 16:11
Author Name: forexlive
Views: 110888