Yesterday’s high stalled just above this zone at 1.12876, and that level now becomes the next key upside target. A move above it would further solidify the bullish bias and open the path toward the 50% retracement level near 1.1318 and the falling trend line resistance closer to 1.1345.
On the downside, support is now layered. The 1.1265–1.1275 area, now broken, becomes the first line of defense. Below that, the broken 38.2% at 1.12585. Below that, and the buyers are likely disappointed on the failed break with focus returning back to the 100-hour MA at 1.1210, with the 200-hour MA at 1.11989.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd moves above swing area makes new highs for the day 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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