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EURUSD tests it 200 day MA and backs off. Key level

The EURUSD moved higher today and in the process moved above a key swing area between 1.0348 and 1.03657 breaking above that level with momentum gave the buyers the go ahead to push toward the 200 day moving average at 1.04284. That moving average was indeed tested and briefly broken. The high price reached 1.04368 before sellers returned and rotated back to the downside. The current price trades at 1.0395, between the swing area below and the 200 day moving average above.

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Content Topics

Eurusd

Tests

Backs

Off

Level

Forex

Posted: Nov 15 2022, 13:27

Author Name: forexlive

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