EURUSD price analysis: Sharp move lower suggests short-term tilt to the downside ...Middle East

The sellers in the EURUSD today, took the price back to the midpoint of the range since the 2020 high at 1.0942 (the low reached 1.0940). The buyers leaned against that level and bounced the price modestly to 1.0967. Since then the price is trading up and down withing the 27 pips range. Given the sharp move lower today, and modest correction, I am inclined to keep the short term tilt to the downside. However, the price needs to get and stay below the 1.0942 level and then the 50% of the move up from the December 2023 low. That level comes in at 1.0931. Near that level is a number of swing lows and highs going back to mid-December.For a full technical look at the EURUSD pair, watch the quick

Hence then, the article about eurusd price analysis sharp move lower suggests short term tilt to the downside was published today ( Tuesday 02/01/2024 - 09:25 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( EURUSD price analysis: Sharp move lower suggests short-term tilt to the downside )

Also on site :

• Aura AI Assistant for Unreal Engine Launches: VR Studio Ships Game in Half the Time with New Agent Capabilities
• Man accused of placing pipe bombs near GOP and Democratic headquarters in Washington to remain in jail pending trial
• Denver Fire Department responds to 3-alarm fire at intersection of Leetsdale Drive and S. Forest Street