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EURUSD trades to a new low. Price is below the 38.2% retracement.

In the earlier video (see below), on the EURUSD I spoke to the 200-hour MA above and the 38.2% below. The price needed to get above the 200-hour MA or below the 38.2% retracement below. You can watch the video below. The high for the US session stayed below the 200-hour MA keeping the sellers in play (see green line on the chart below). The price did indeed move lower and back below the 100-hour MA (blue line). The price continued lower and moved back to 38.2% at 1.0867, had some stall, and mor... Read More

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Content Topics

Eurusd

Trades

Low

Price

Below

38 Retracement

Forex

Posted: Jul 5 2023, 16:29

Author Name: forexlive

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