Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

EURUSD falls away from 200 hour MA (again). Holding midpoint of move up from March 7

A.R Chowdhury by A.R Chowdhury
March 24, 2022
Reading Time: 2 mins read
0
EURUSD falls away from 200 hour MA (again). Holding midpoint of move up from March 7

EURUSD

EURUSD holding 50% midpoint ahead of the lows for the week

The EURUSD bounced just ahead of the Tuesday low at 1.09604 yesterday (the low reached 1.0963), and moved up to test the 200 hour MA and broken 38.2% of the move up from the March 7 low into the close yesterday at 1.1010.

Today in the Asian session. the pair squeezed modestly above each level again to 1.1013, but quickly stalled and moved back lower.

The price moved it’s way down to the 50% midpoint of the move up from the March 7 low at 1.0971. The price has since chopped up and down between at midpoint level and 1.1000 natural level of resistance. The current price trades at 1.0978.

A move below the 50% retracement would next target the lows for the week between 1.0960 and 1.0963. Move below those levels and traders will start to target the recent swing lows that step down to:

  • 1.09487 – low from March 16
  • 1.0925 – low from March 15
  • 1.0899 – lows from March 11 and March 14

Conversely hold support the 50% retracement (dip buyers are leaning against the midpoint level), and the buyers need to get back above the 38.2% retracement, 200 hour moving average and 100 hour moving average coming between 1.1010 and 1.10162.

For the week, the low to high trading range is only 110 pips (the high was on Monday. That is near the low range for the year (the lowest range was 103 pips in the first week of the trading year. There is room to roam on a break.

ADVERTISEMENT – CONTINUE READING BELOW

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
USDJPY gets another boost to the upside and 122 resistance is eyed.

USDJPY gets another boost to the upside and 122 resistance is eyed.

USDCAD moves further away from its 200 day moving average

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

GBPUSD falls below 1.3100. Looks to test swing area between 1.3080 to 1.30878.

GBPUSD falls below 1.3100. Looks to test swing area between 1.3080 to 1.30878.

March 28, 2022

EURUSD holds below 100 hour MA but above trend line

July 9, 2020

AUDUSD rebounds to a new session high

June 15, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.