The EURUSD is approaching its 100-bar moving average on 4-hour chart at 1.07908 |
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2024-02-02
The 200 hour MA and the 100 bar MA on the 4-hour chart being tested. A break opens the upside.
2024-01-31
A swing area in the AUDUSD between 0.6612 to 0.6624 stalled the rise.
2024-01-30
The EURUSD attempted to break above its 200-day and 100-hour moving averages but failed to maintain the momentum. The next targets for downside movement are the swing area between 1.08083 and 1.0824, followed by the 50% retracement level at 1.07936.
2024-01-29
The USD is making new highs vs a number of currencies including the EUR, GBP, CHF. The AUD which was the strongest of the major currencies at the start of the US session, is retracing a good chunk of it’s gains as well. The gains come despite yields in the US which remain lower on the day with the 10 year down over 5 basis points.
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