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EURUSD rebounds into the close

The EURUSD is seeing a modest move to the upside as stocks rebound, and so is the EURUSD. The EURUSD sold off fairly hard in the NY session moving from 1.09837 which was just below the 100 hour MA. That hold under that MA kept the sellers in play/control in the short term. The price moved to a low of 1.0908. That took the price below a swing area between 1.0925 to 1.09438. It also took the price below the 200 hour MA at 1.09436. The current price is back into the swing area at 1.0929. What wil... Read More

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Eurusd

Rebounds

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Posted: Apr 17 2023, 19:41

Author Name: forexlive

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