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 retests 100 hour MA as price snaps back from break lower in the Asian session

A.R Chowdhury by A.R Chowdhury
March 22, 2022
Reading Time: 2 mins read
0
EURUSD retests 100 hour MA as price snaps back from break lower in the Asian session

EURUSD

EURUSD breaks back to 100 hour moving average

The EURUSD fell below the 200 hour MA in the Asian session – as well as a trend line and swing area in the 1.1002 to 1.108 area – and the break led to willing selling. After a corrective effort held resistance ahead of the 200 hour MA in the Asian session, a new leg lower ensued with the price bottoming at 1.0960.

However, the price snapped back higher and pushed back toward the 200 hour MA again. The last few hours in the North American session has seen the price move back above the MA. Sellers turned to buyers and the move was back to the upside on the failure.

What now?

The price is up retesting the 100 hour MA at 1.1040. A swing high from yesterday before the run lower, reached 1.10516. There has been some apprehension at the area and the price has backed off a bit. The pair trades at 1.1030 currently.

The old trend line cuts across near 1.10175 (and moving higher). Watch that level for potential support again (the price tried to stay below the trend line on the move back higher but eventually broke back above – see red circle 3). Move below and traders will be looking toward the 200 hour moving average again.

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
AUDUSD trades to a new 2022 high but fails on the break

AUDUSD trades to a new 2022 high but fails on the break

USDCAD consolidates above and below 200 day MA but below a higher swing area.

USDCAD consolidates above and below 200 day MA but below a higher swing area.

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

The US stock indices open lower

May 15, 2020

EURGBP moves to highest level since March 31

May 15, 2020

The broad market indices close near highs for the day. Indices decline for the week

May 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.