EURUSD bounces again towards resistance after sellers had their shot and missed

The EURUSD sellers had their shot on Trump tariffs discuss early in his Davos speech/feedback. The USD moved greater and the worth fell under the 100-hour MA (blue line within the chart under). That ought to have despatched the worth decrease, however the break was short-lived. The worth jumped greater.

That transfer took to the worth again above two 50% retracement ranges close to 1.0403 (one on the hourly and one on the day by day). The worth prolonged to a swing space between 1.04326 and 1.0436 the place the rise stalled.

So with resistance on the swing space as much as 1.0436 and help on the 50% retracement ranges close to 1.0403, the patrons and sellers will now battle it out and look ahead to the following shove.

The video above will outlinte the following targets on a break greater or a break decrease in addition to the chance and bias defiing ranges.

This text was written by Emma Wang at www.ubaidahsan.com.



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