EURUSD struggles to sustain momentum above and key moving averages. What next? ...Middle East

The EURUSD has had another up-and-down trading day today. The move to the upside did take the price above its 200 day moving average at 1.08413 and 100 hour moving average currently at 1.0849, but the momentum could not be sustained and the price rotated to the downside. The buyers had their shot. They missed.What next?To go higher, the price will have to get above the 200-day moving average at 1.08413 and the 100-hour moving average at 1.0849. Absent that, and the buyers are simply not winning.On the downside, the swing area between 1.08083 and 1.0824 are the next downside target followed by the 50% retracement of the move up from the October low. That level comes in at 1.07936.

Hence then, the article about eurusd struggles to sustain momentum above and key moving averages what next was published today ( Tuesday 30/01/2024 - 10:49 PM ) 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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Last updated : 30 January 2024 clock 10:49 PM

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