On the daily chart, this area holds significant technical importance. The 2023 high came in at 1.12753, while the 61.8% retracement of the broader decline from the 2020 high to the 2022 low sits at 1.12709. For sellers to gain more traction, a break below this dual support zone is needed. Until then, the broader bullish bias remains intact.
Drilling into the hourly chart, Friday’s low swing level also stalled near 1.1274, adding another layer of short-term support. A break below that level could see further downside toward the 38.2% retracement of last week’s rally at 1.12495, and the rising 100-hour moving average just below at 1.1246. A move below both would increase bearish momentum in the short term.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd moves to new lows as tariff talks yield little 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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