> EURUSD moves higher (lower dollar) and tests the 100/200 hour MA

EURUSD moves higher (lower dollar) and tests the 100/200 hour MA

Name: EURUSD moves higher (lower dollar) and tests the 100/200 hour MA
Uploaded: 2023-05-10T13:04:50.000Z
Description: The EURUSD is up sharply after the US CPI data. Stocks are higher yields lower. The pair is testing its 100/200 hour moving averages between 1.1003 and 1.1008. The 50% retracement of the range since last week's high comes in at 1.10157. Get above those levels is more bullish.

Floor in place near 1.0940

Greg Michalowski

Wednesday, 10/05/2023 | 13:07 GMT

The EURUSD is up sharply after the US CPI data. Stocks are higher yields lower.

The pair is testing its 100/200 hour moving averages between 1.1003 and 1.1008. The 50% retracement of the range since last week's high comes in at 1.10157. Get above those levels is more bullish.