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New highs for the EURUSD. What next?

New highs for the EURUSD. What next?

The EURUSD is moving to a new session high as yields move lower. The 10 year is down -3.6 basis points. The 30 is down -5.5 basis points.

The move to the upside is approaching a swing area between 1.0707 and 1.0724 (see red numbered circles). The falling 100 hour moving average is also in play at 1.07167. Last week on Thursday and Friday, the 100 hour moving average was broken to the upside. However sellers momentum faded and sellers returned to push the price lower and back below the... Read More

Posted: Feb 13 2023, 15:06
Author Name: forexlive
Views: 082315

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