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EURUSD tilts further to the downside today. Pair looks toward next downside targets
The EURUSD buyers on Monday in the early part of the day, tried to take the price above its 100-hour moving average (blue line in the chart below), but could not sustain momentum. The price started to wander to the downside and in the process extended below the 61.8% retracement of the July trading range at 1.10017. Today, that retracement level ended up holding resistance in the early Asian and early European morning session giving the sellers the go-ahead to push lower. The price is trading at...
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Posted: Aug 1 2023, 12:44
Author Name: forexlive
Views: 080817