The EURUSD has slipped to a new session low, extending what remains a relatively tight trading range. So far, the range for the day measures just 47 pips, still well short of the 88-pip average.
From a technical perspective, the pair is moving further away from the swing area between 1.1692 and 1.17028, leaving buyers with less near-term support to lean against and giving sellers some additional confidence. The focus now shifts to a cluster of downside targets, including:
200-hour moving average at 1.16674
61.8% retracement of the move since the July 1 high at 1.16615
100-hour moving average at 1.16522
That confluence of levels represents a critical support zone. A break below would undo much of Friday’s upside momentum, disappointing buyers who stepped in above those same technical markers on the run to the upside.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about eurusd technicals eurusd trades to a new low for the day 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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