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The USD moves higher after 3 days of declines. Technical levels did help reverse the bias.

The USD moved lower for 3 consecutive days (the US stocks moved higher as a result). That move is seeing some retracement today. Technical targets were reached in a number of currency pairs to help the reversal. The move back higher in the USD is taking back some bearish technical breaks.

EURUSD: The EURUSD is moving back below its 100 day MA in early US trading.

GBPUSD: The GBPUSD is back below its 200 hour MA and looks toward the 100 hour MA target at 1.1384

USDJPY: The US... Read More

Posted: Nov 9 2022, 14:06
Author Name: forexlive
Views: 111629

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