Today, the price stepped higher in the Asian-Pacific session but consolidated in the early European session. The last 4 or so hours have seen a run to the upside that has now taken the price toward highs reached yesterday. Swing highs over the last 5 trading days have been between 1.1089 to 1.11062 ahead of the highs for the year up at 1.11448.
If sellers prevail, there is a possibility to rotate back toward the 100/200 hour MA over time.
What we know is the 200-hour MA had done its job the last three tests (it also stalled the corrective fall last Wednesday too). So store that away for your key trading clues.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd retraces higher to yesterday s high was published today ( ) 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.
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