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 finds sellers near hourly MA levels

A.R Chowdhury by A.R Chowdhury
March 14, 2022
Reading Time: 2 mins read
0
EURUSD finds sellers near hourly MA levels

EURUSD

EURUSD finds sellers near 100/200 hour MA

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

The EURUSD is higher on the day, but coming off a high that saw the pair approach and briefly break above the near converged 100/200 hour MAs. The momentum faded, however, and price faded to the downside.

The dip is finding some support near 1.0933 to 1.0943 swing area (highs and lows over the last 6-7 days). If the level is able to hold (and it is so far), another run through the 100/200 hour MAs would be eyed by the buyers. The dip low reached 1.09342 between the swing levels. The current price is at 1.0956.

Last week, the pair traded to the lowest level level since May 2020 at 1.0805 (see daily chart below), before starting a rotation higher helped by lower oil prices and hopes for a solution. That rise took the price to a swing high at 1.11207 which took the price above the 200 hour MA for the first time since February 23rd. The price fell back below that MA, but tried again to move above on Friday, but also failed.

Today’s attempt was shorter in duration and magnitude as well.

EURUSD

EURUSD on the daily chart

Ultimately, if the buyers are to take more control, getting and staying above the falling 200 hour MA is the minimum hurdle. From there, other swing lows, the 38.2% at 1.10684 of the move down from the Feb 10 high are other targets.

Absent that, and the buyers are not winning. The sellers still remain in control.

ADVERTISEMENT – CONTINUE READING BELOW

Source link

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
The GBP is the strongest and the CHF is the weakest as the NA session begins

The GBP is the strongest and the CHF is the weakest as the NA session begins

USDCAD erases earlier gains. | Forexlive

USDCAD erases earlier gains. | Forexlive

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

With 30 minutes to go in trading, US indices are near the midpoint of the day’s ranges

June 16, 2020

Elon Musk trolls SEC (and shorts) as Tesla stock surges to new highs

July 2, 2020

European shares close the day lower

May 11, 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.