The EURUSD sellers had their shot on Trump tariffs talk early in his Davos speech/comments. The USD moved higher and the price fell below the 100-hour MA (blue line in the chart below). That should have sent the price lower, but the break was short-lived. The price jumped higher.
That move took to the price back above two 50% retracement levels near 1.0403 (one on the hourly and one on the daily). The price extended to a swing area between 1.04326 and 1.0436 where the rise stalled.
So with resistance at the swing area up to 1.0436 and support at the 50% retracement levels near 1.0403, the buyers and sellers will now battle it out and wait for the next shove.
The video above will outlinte the next targets on a break higher or a break lower as well as the risk and bias defiing levels.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd bounces back toward resistance after sellers had their shot and missed 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 bounces back toward resistance after sellers had their shot and missed )
Also on site :
- ‘We can insure the ship, but we cannot insure a human life.’
- Israel’s military posted two images of Ali Choeib in what it said was a Hezbollah uniform. One was fake.
- Nelly Furtado Is More Gorgeous Than Ever 5 Months After Sharing She Quit Performing Due to Body Shaming