EURUSD backs into support on the daily chartDrilling into the hourly chart below, the low today was near the low from yesterday. Those lows come in ahead of the 38.2% retracement of the move up from the July low to the July high. The level comes in at 1.1106. Moving below that level and below
EURSUD falls below the 200 hour MAThe 200-hour moving averages should have given traders some cause for pause at least on the 1st look. Breaking below with ease has the sellers more in control. There is modest support near 1.11285. Below that the 38.2% retracement of the move up from the July 6 low comes
The EURUSD chart (at this point at least), looks like the chart (and video) from yesterday. The price has moved below the 1.1184 level after testing its 100-hour moving average earlier today. The close risk is now at 1.1195. On the downside, the next target comes against the 200-hour moving average which is higher from
The miss in the US CPI report last week triggered a heave US Dollar selling across the board. The market started to price out the more hawkish expectations and now sees the July hike as the last one for this cycle. Moreover, the resilient labour market and the rising consumer sentiment point to a soft-landing
The EURUSD is cracking lower and looks toward support near 1.1184. The move to the downside is moving away from its 100-hour moving average currently at 1.1228. Admittedly, the price action today has seen the EURUSD price move above and below the moving average in the Asian and European sessions, but the US session high
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