EURUSD still stuck. Buyers fail to extend range. ...Middle East

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.

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