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For the EURUSD in trading today it is above the 100 hour MA above and the 100 day MA below

Yesterday the 100-day moving average held support near session lows during training yesterday, and the price rotated higher into the close. That 100-day moving average comes in at 1.09255. The low price from last week came in at 1.09115. Getting below the 100-day moving average which has held support in June, July, and now August (give or take a few pips), is needed to increase the bearish bias on the longer-term daily chart.Drilling to the shorter-term hourly chart, the price action over the la... Read More

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Eurusd

Trading

Today

Above

Hour

Below

Forex

Posted: Aug 8 2023, 21:41

Author Name: forexlive

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