December 6, 2022

Forex Solution

Learn To Trade Forex

EURUSD falls to new lows for the day.

1 min read

Cracks below the 200/100 hour MAs 

The EURUSD is moving lower after cracking below its 200 and 100 hour MAs at 1.17626 and 1.17582 respectively. 

Cracks below the 200/100 hour MAs 

The price low just reached 1.17444.  The next target comes in at swing highs on the intraday chart near 1.17416 (see red numbered circles). A move below that level would target the 1.1724 area (other swing levels as the green numbered circles).

risk now would be a move back above the moving averages. Just ahead of that are swing levels between  1.1751 and 1.17566.

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