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EURUSD testing its 100 hour MA (and other support from the daily chart too).

The EURUSD which moved higher against the USD buying on the back of the hawkish ECB, shifted the mindset to lower growth and has now moved to a new session low as European traders exit for the day. The pair is also testing the 100 hour mA at 1.05943. The price dipped below the 100 hour MA on Monday and Tuesday this week (at lower levels) but could not muster any selling momentum.

A move below the 100 hour MA has the 50% of the move up from the December 7 low at 1.05889 not far away a... Read More

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Content Topics

Eurusd

Testing

Hour

And

Other

Support

From

Daily

Chart

Forex

Posted: Dec 15 2022, 17:25

Author Name: forexlive

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