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EURUSD Technical Analysis

On the daily chart below for EURUSD, we can see that the market tried to break above the 1.1033 high a few weeks ago but failed as US Retail Sales missed expectations across the board and sent the market lower. The buyers though leant on the red long period moving average and started to charge higher again as the US PMIs beat expectations and pushed further away recessionary fears for now. The price is now breaking above the 1.1033 high again and another failure may be a bad omen for the buyers... Read More

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Content Topics

Eurusd

Technical

Analysis

Forex

Posted: Apr 25 2023, 08:10

Author Name: forexlive

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