EURUSD moves closer to November/December highs ...Middle East

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The EURUSD moved sharply higher last week helped by Fed Chair Powell's comments after the FOMC rate decision. The FOMC dot plot was also a contributing factor to the lower dollar (higher EURUSD). The upside momentum continued on Thursday with the price reaching up toward the high prices from the end of November between 1.1008 and 1.1016. The high price reached 1.10087. On Friday, a sharp correction took the price down toward the 38.2% retracement and swing area between 1.0878 – 1.0894. The low price reached 1.0888 before calming down into the close for the week.Yesterday, the price started its rotation back to the upside taking its clue from the break back above the 38.2% retracement of th

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Last updated : 19 Dec 2023 clock 07:20 PM

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EURUSD moves closer to November/December highs ...Middle East

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