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EURUSD sellers into the London fixing

EURUSD sellers into the London fixing

The EURUSD moved higher and above the 200 hour MA this morning and also extended above the 38.2% of the move down from the February 14 high at 1.06358.

However despite the breaks (recall also the 200 hour MA stalled the rally last week), the buyers were overwhelmed by the sellers.

Month end? London fixing?

Both could have been in play on the selling along with the disappointment from the failed break. The buyers had their shot. They missed.

The downside target wi... Read More

Posted: Feb 28 2023, 16:12
Author Name: forexlive
Views: 110197

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