On one hand it's disappointing that the break back above the 200-hour moving average failed to gather momentum. On the other hand, the 100-hour moving average health support today at 1.13659.
Despite the upside failure, getting back above the 200-hour moving average (1.1400 level), would be a bullish tilt. In addition to being above the moving averages, the price is also still above the swing area near 1.1371 – 1.13754 (includes the 61.8% retracement of the range since 2020 at 1.1371, and the high price from 2023 and 1.13754 - both not shown). A move below that area is needed to tilt the technical bias more to the downside.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd still stuck buyers fail to extend range 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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