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EURUSD technical update: The EURUSD fails above 200 hour MA

EURUSD technical update: The EURUSD fails above 200 hour MA
The EURUSD ran through resistance up to 1.0896 when I looked at the EURUSD earlier. That gave buyers more control and they took the price up to the 100 and 200-hour MAs.The price of the EURUSD moved above the 200-hour moving average but could not sustain momentum. The price had rotated modestly to the downside and tested the 100-hour moving average at 1.09123. Is the price action more neutral near the moving averages? It is Friday, but price action over the last few hours suggests that there i... Read More
Posted: Jun 30 2023, 16:27
Author Name: forexlive
Views: 081074

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