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EURUSD technicals with a negative bias. Price is below the 100/200 hour MA barometers.

The EURUSD buyers tried to tilt the technical bias to the upside today with a move above its 200-hour moving average at 1.0580 and it's 100-hour moving average 1.0589. The price also moved above the 50% midpoint of the move up from the October 13 low at 1.0594. However, momentum above the levels could not be sustained. The high price reached 1.0596 and rotated back to the downside. The current price is trading at 1.0561.Going into the new trading week, those 2 moving averages (and 50% retracemen... Read More

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Content Topics

Eurusd

Technicals

With

Negative

Bias

Price

Below

100

200 100 200

Barometers

Forex

Posted: Oct 27 2023, 18:31

Author Name: forexlive

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