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Intraday Analysis – USD stays high

Intraday Analysis – USD stays high
EURUSD drifts lower The euro weakened as traders doubled down on the rate differential after the ECB’s pause. After breaking below May’s low of 1.0650, a limited bounce came to a halt at 1.0740 on the 20-day SMA, suggesting that the dynamic resistance was in force. Then a subsequent fall below 1.0630 then 1.0600 indicates […] The post Intraday Analysis – USD stays high appeared first on Orbex Forex Trading Blog... Read More
Posted: Sep 26 2023, 05:54
Author Name: orbex
Views: 111244

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