Earlier in the day, the price dipped but found strong buying interest at the rising 200-hour moving average, echoing support seen at last week’s lows. The 100- and 200-hour MAs, currently at 1.1421 and 1.1407 respectively, now serve as critical support. Staying above these levels keeps the bullish bias intact; a break below would tilt the bias back toward the downside.
Key levels:
Support: 1.1421 (100-hour MA), 1.1407 (200-hour MA), 1.1371
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd pushes higher after soft cpi but stalls at key resistance 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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