The EURUSD has traded lower today and in the price moved below its 200 day MA at 1.0842 and into a swing area between 1.08030 1.0824 (see yellow area on the 4- hour chart above). Initially, the pair found buyers against the low of that swing area but eventually did breach it only to find dip buyers against the 50% midpoint (of the move up from the October low to the December high). That level comes in at 1.07936. The low price for the day reached 1.0795 just above that midpoint level. The price has since bounced higher and has traded back into the swing area with a high price of 1.08153. Going forward, staying above the 50% is a key barometer for both buyers and sellers. Taking a closer loo
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