EUR/USD looks to try and get out of the mud ...Middle East

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At some point last week, the pair looked poised for an upside break with the high touching 1.0888. All that before the dollar rebounded and we saw a daily close back under its 200-day moving average. Today, that key level (blue line) is once again looking to be breached:Since pushing back above 1.0800, the pair has been sort of stuck in the mud. The confluence of the 100-day (red line) and 200-day moving averages has played a role in keeping price action more sticky. That is seen around 1.0814-27 at the moment. As such, if buyers can shake that off, it will be a good building block for a further upside push next.Adding to that is the fact that buyers are also doing the work with regards to t

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Last updated : 26 February 2024 clock 12:56 PM

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EUR/USD looks to try and get out of the mud ...Middle East

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