EURUSD confined in a slender vary after sharp run greater stalls. What subsequent for the pair?

The EURUSD moved sharply greater earlier at present helped by the Washington Put up article on the Trump tariffs. The information was extra dovish and fewer inflationary and the USD and yields moved decrease.

For the EURUSD the pair prolonged above the

• 100 hour MA (at 1.03403),
• 200 hour MA at 1.0374,
• 38.2% at 1.03783
• 50% of the buying and selling vary since 2022 at 1.0405 and at last the
• 50% of the transfer down from the December 2024 excessive to the low reached on January 2 at 1.04262.

That’s the place sellers began to take some revenue.

Then when the report that Trump denied the WaPo article, the consumers turned to sellers, with the worth extending to beneath the 200 hour MA, however above the 100 hour MA.

The snapback rally moved as much as the 50% of the vary since 2022 at 1.0405 and located sellers. Nevertheless, promoting off that prime has dried up on the 200 hour MA.

So a brief time period battle is being waged going into the shut and into the brand new buying and selling day.

A transfer beneath 1.0374 (200 hour MA) would open the draw back with the 100 hour MA at 1.03403 the subsequent goal.

ON the topside, get and keep above 1.0405 and the 1.04262 is focused.

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



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