Forex News USD

EURUSD bounces near 100 hour MA

Sumary of EURUSD bounces near 100 hour MA:

  • Looking at the 5 minute chart below, the move to the low for the day found it’s way toward the 100 hour MA (blue line overlayed currently at 1.14041 and moving higher) and the 50% of the move up from the week’s low from Monday.
  • Buyers leaned near those levels and the price has seen a modest bounce.
  • Moreover, the price was able to stay above the 1.13857 level (the high breakout level on the 4-hour chart above).
  • Going into the new trading week, the 100 hour MA, 50% level and the 1.13857 level will be the support.

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