EURUSD sniffs key support target and finds early buyers

Name: EURUSD sniffs key support target and finds early buyers
Uploaded: 2023-05-17T13:00:00.000Z
Description: The EURUSD extended to a new low going back to early April and in the process has moved closer to key support defined by the 100 day moving average and 50% retracement of the move up from the March 15 below. That level comes in at 1.0805. The low price today reach 1.08127 around 7-8 pips from that k...

The 100 day and 50% retracement stalls in the fall

Greg Michalowski

The EURUSD extended to a new low going back to early April and in the process has moved closer to key support defined by the 100 day moving average and 50% retracement of the move up from the March 15 below. That level comes in at 1.0805. The low price today reach 1.08127 around 7-8 pips from that key level.

What now for the EURUSD?