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EURUSD retraces the post employment fall

The EURUSD was a trading near the converts 100/200 hour moving averages before the US jobs report. The data push the price down to support near the 50% retracement at 1.09632 (and a swing area we would between 1.0961 and 1.09653). The fall stalled. The price it started to move back to the upside.The price is now returned back to the 100/200 hour moving averages near 1.10174. What do buyers and sellers do now? The levels is both risk and bias defining. It is the short-term barometer. Move above... Read More

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Content Topics

Eurusd

Retraces

Post

Employment

Fall

Forex

Posted: May 5 2023, 15:18

Author Name: forexlive

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