The EURUSD has moved to a new low on the day after breaking below the rising 100 hour MA for the 2nd time today. The first saw the price move back up to retest a swing area and found sellers keeping the downside potential in play at least in the short term.
Move below the swing area - and stay below - would have traders looking toward the 1.0405 (50% of the EURUSD range since 2022) and the rising 200-hour MA at 1.0399.
Sellers are making a play. Can they keep the downside momentum going?
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd stretching lower below 100 hour ma tests swing area aupport 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.
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