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EURUSD stretches to a new high

The EURUSD is stretching to a new high and in the process is approaching the 1.0600 natural resistance level. The high has reached 1.05943 so far. In my previous video, a spoke to the extension back above the 100 and 200 hour moving averages and the broken 38.2% retracement at 1.05709 (of the move down for the September 12 high - see hourly chart above). That retracement level ended up holding the support after breaking above, and that gave the buyers, the go-ahead to push higher. The 5 minute... Read More

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Eurusd

Stretches

High

Forex

Posted: Oct 17 2023, 16:55

Author Name: forexlive

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