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 retraces below the recent midpoint

A.R Chowdhury by A.R Chowdhury
September 14, 2021
Reading Time: 1 min read
0
EURUSD retraces below the recent midpoint

50% of the range since August 20 low at 1.17859.  

The EURUSD moved lower after a up and down Friday which saw the EURUSD move above its 100/200 hour moving averages around midday, but that break failed to flee quickly and the price retraced its gains, closing lower on the day.  

50% of the range since August 20 low at 1.17859.  

In trading today, the price fell below the swing lows from last Wednesday and Thursday between 1.1800 and 1.18044.  The next target became the 50% midpoint at 1.17859.  After trading above and below that level, the last few hours has seen a push to a new low and swing area between 1.17657 and 1.17684 (see green numbered circles).  The price has found some support buying against that level and currently trades between the 50% above at 1.17859 and the swing area below at 1.17657.  

The range day is 44 pips. The average over the last 22 trading days is 48 pips (about a month of trading.

Drilling to the five minute chart below, the price is testing the 100 bar moving average at 1.17846 and a downward sloping trendline from the high on Friday. Stay below and the sellers are still in control intraday. Getting above that level and there could be more upside probing with the 50% of the move down from today’s high at 1.17915 and the falling 200 hour moving average at 1.1795 currently as the next upside target.

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
Aussie holds lower on the day after RBA Lowe remarks

Aussie holds lower on the day after RBA Lowe remarks

Dollar slightly lower as the session gets underway

Dollar slightly lower as the session gets underway

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended Stories

GBPJPY holds 100 day MA on dip, but has upside work to complete

July 6, 2020

Yen stays firm on the session as Treasury yields slip to lowest level since April

July 10, 2020
USDJPY gets another boost to the upside and 122 resistance is eyed.

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

March 24, 2022

Popular Stories

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

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

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

    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.