EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.
2024-05-31
The 100 and 200 hour MA was resistance yesterday. Today the price moved above the levels and pushed higher before correcting back to the MA levels. Key barometer for buyers and sellers.
EURUSD tests key MA targets. The 100/200 hour MAs being tested at 1.0844.
2024-05-30
The EURUSD is trading to a new high and tests a key dual MA level at 1.0844. Key barometer for buyers and sellers.
USDCAD trades to new session highs as buyers look to take more control
2024-05-29
The price is back above a cluster of Moving averages in the USDCAD. Bullish shift.
Kickstart the trading day for May 28 w/a technical look at the EURUSD, USDJPY and GBPUSD.
2024-05-28
The USD is lower with the EURUSD and GBPUSD stretching to the upside in early US trading
USDCHF bounces off when area support target and rotates to a new session high
2024-03-18
That is the good news for the USDCHF. The not so good news is the range is still very narrow, but buyers are still in control.
EURUSD finds support buyers near 1.0942 area, but bounce is modest
2024-01-02
The sellers in the EURUSD today, took the price back to the midpoint of the range since the 2020 high at 1.0942 (the low reached 1.0940). The buyers leaned against that level and bounced the price modestly to 1.0967. Since then the price is trading up and down withing the 27 pips range.
Given the sharp move lower today, and modest correction, I am inclined to keep the short term tilt to the downside. However, the price needs to get and stay below the 1.0942 level and then the 50% of the move up from the December 2023 low. That level comes in at 1.0931. Near that level is a number of swing lows and highs going back to mid-December.
For a full technical look at the EURUSD pair, watch the quick look videa.