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What are the technicals saying for the EURUSD and GBPUSD going into the new trading day.

As the day moves toward the close in the North American session, and traders look toward the start of the Asia-Pacific session, both the EURUSD and the GBPUSD are moving above their 200-hour moving averages. Not far away are the 38.2% retracement and 100-hour moving averages for each.So both pairs are looking toward that target and would need to get and stay above those levels to increase the bullish bias. Absent that, there could be disappointment in the failed break and the inability to exten... Read More

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Content Topics

What

Technicals

Saying

Eurusd

Gbpusd

Going

Into

Trading

Day

Forex

Posted: Oct 16 2023, 20:01

Author Name: forexlive

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