The level corresponds with the swing high from 2023, and the 61.8% retracement of the move down from the 2020 high to the 2022 low (not shown).
The price has move below that level to a low price of 1.12651. However, there has still been some stall. The reason is the low price from April 15 also bottomed at that area. The 38.2% retracement of the move up from the March 27 low comes in at 1.12505.
For the dip buyers, they would want to see price back above 1.13072 which were swing low levels from April 23. Above that 1.13287 would need to be breached.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd makes downside progress but it needs another shove 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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