EURUSD rallies toward key moving average amid weak ISM data ...Middle East

forex live - News
EURUSD rallies toward key moving average amid weak ISM data
The weaker-than-expected ISM nonmanufacturing data - with prices paid full and sharply - sent the EURUSD sharply higher and above its 200 hour moving out at 1.07983 and a swing area between 1.0795 and 1.08063. That is now close support. Staying above is more positive in the short-term for buyers looking for more upside momentum.Conversely, sellers looking to sell the corrective move higher, have decent resistance being tested and just above. More specifically, the EURUSD is currently testing the 38.2% retracement of the March trading range. That comes in at 1.08219. Just above that at 1.08323 is the 200 day moving average. For sellers, you would not want to see a move above the 200-day mov

Hence then, the article about eurusd rallies toward key moving average amid weak ism data 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.

Read More Details
Finally We wish PressBee provided you with enough information of ( EURUSD rallies toward key moving average amid weak ISM data )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News