EURUSD now seems to be towards 2023 excessive

The EURUSD has prolonged above the 2024 excessive at 1.1213.. The worth excessive reached 1.1228. The present worth is buying and selling at 1.1203 at present

Patrons are making a play however they might want to hold the momentum going. Wanting on the each day chart, the swing excessive from early April reached 1.11459. That might be used as a threat stage for consumers for extra upside momentum. Transfer again under that stage and there may be more likely to be disappointment on the failed break to the upside. One other threat stage can be the 1.1089 – 1.1106 swing stage ( see one hour chart under).

On the highest facet, the following goal comes in opposition to the excessive worth from 2023. That stage is available in at 1.12709.

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



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