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EURUSD trades into the swing area and holds. Can the buyers push the pair back higher now?

EURUSD trades into the swing area and holds. Can the buyers push the pair back higher now?

The EURUSD dipped into the swing area between 1.0348 to 1.0365. The low did dip to 1.0346, just a couple pips below the lower extreme, but has bounced. The price trades at 1.0369 just above the higher extreme.

Can the buyers push prices higher after a successful test?

That is what the dip buyers are now hanging their dip buying upon.

Below is the short term look around the swing area.

On the topside the 200 day MA remains the key upside target. Looking at the hourl... Read More

Posted: Nov 15 2022, 17:25
Author Name: forexlive
Views: 111530

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