| Traders are eying 100-hour MA downside for EURUSD. Room to roam if sustained. Next target at 1.09119, then 100-hour MA at 1.08916. |
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The USDCHF has experienced ups and downs in its price action, but has found support at important technical levels like the 200-day moving average and the 50% midpoint. Staying above these levels would be bullish, while moving below them would be bearish.
Quick thoughts: Real money is hitting the bond market
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Adam Button from ForexLive talks about the backdrop in markets on Nov 8, 2023 and what it means going forward.
Three main topic:
1) Yields and what they’re saying
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USDCAD rebounds higher and retraces 50% of the move down from last week’s high. What next?
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The 50% of the move down comes in at 1.37634. The 100 hour MA is close support now at 1.3740.
EURUSD Technical Analysis
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Here’s a quick technical analysis on the EURUSD pair with some fundamental background.
For more visit ForexLive.com
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