EURUSD stays under the 200 hour MA. 100 hour MA is transferring towards 200 hour MA

The EURUSD stretched greater within the US session, however after reaching a excessive worth of 1.1388, and getting inside 4 pips of its 200-hour transferring common, patrons turned to sellers and have pushed the worth again decrease.

The present worth is buying and selling at 1.13727 after reaching a post-high low worth of 1.1364.

Yesterday, the worth moved briefly above the 200-hour transferring common on three separate hourly bars, however momentum died after extending above 5 or fewer pips above that MA. Momentum couldn’t be sustained.

At session lows as we speak, the worth approached the lows from Wednesday (two lows) close to 1.13072. The low as we speak reached 1.1314 earlier than discovering patrons.

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



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