The EURUSD key barometer remains the same

Technical Analysis

Earlier…

https://www.forexlive.com/technical-analysis/watch-the-105155-level-in-the-eurusd-20230105/

That level remains the same after the price moved down to test it, and found willing buyers leaning.

The current price is trading at 1.0530. If the price stays above the 50% barometer level, the buyers are in control. If the price moves below, the atmospheric pressure in the markets shifts more to the downside.

EURUSD has bounced off the 1.05155 for 2nd time this week

Articles You May Like

Atlanta Fed GDPNow slashed to 2.3% from 3.2%
Twilio shares pop 20% for biggest gain since Covid pandemic on growth forecast
US December pending home sales -5.5% vs 0.0% expected
Gold price nears record high on weak US Dollar
The USDCAD traders are making a play to the upside ahead of the BOC rate decision

Leave a Reply

Your email address will not be published. Required fields are marked *