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 moves lower (dollar higher) as market reacts to comments from Mester

A.R Chowdhury by A.R Chowdhury
August 27, 2021
Reading Time: 1 min read
0

The markets turn to dollar buying

The Cleveland Pres. Mester is speaking on CNBC and has gotten in line on the “sooner is is better than later” with regard to tapering. The comments are not that different from other Fed officials, but the market is reacting in a “buy the dollar” way.

The markets turn to dollar buying

For the EURUSD, the pair moved back below its 100 hour moving average at 1.17503, after finding support buyers near the level earlier today (it did dip below the level in the early Asian session but quickly rebounded).  It would take a move back above the level to upset the sellers now (failed break).  

On the downside, the 200 hour moving average at 1.17267 is now a target level. The price just dropped below the low for the day at 1.17416 (as I type – not reflected in the chart above).  The current price is trading at 1.1736.  

The 200 hour moving average is near a swing area (see green numbered circles) between 1.1723 and 1.17264. Move below that level should open the door for further downside. The price has not traded below that level since Monday. Lows on Tuesday and Wednesday stalled in that area.

Feds Kaplan is also speaking currently on Bloomberg TV. Kaplan was more hawkish yesterday versus his comments last week.

Invest in yourself. See our forex education hub.

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

GBPUSD back up today as traders continue to battle

Oil slips further after failing to hold on to early gains

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

US stocks open and move higher

August 11, 2020

AUDUSD tests 200 hour MA and finds buyers on the first look

May 1, 2020

The US stocks close mixed. Nasdaq close today is yet another record

September 3, 2021

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.