EUR/USD Nearing Range Support
EUR/USD sold off last week after FOMC and this pushed the pair back-below the 200-day moving average.
The big question now is whether bears can push a test of range support, which was last in-play in mid-April when the 38.2% Fibonacci retracement of the 2021-2022 trend caught support. The 50% of that same Fibonacci setup had helped to set resistance in March at 1.0943, and that test took place over a three-week-period with sellers ultimately taking control.
The range support zone was in-play twice last year, and this can be tracked down to the 1.0500 psychological level.
- JS
The big question now is whether bears can push a test of range support, which was last in-play in mid-April when the 38.2% Fibonacci retracement of the 2021-2022 trend caught support. The 50% of that same Fibonacci setup had helped to set resistance in March at 1.0943, and that test took place over a three-week-period with sellers ultimately taking control.
The range support zone was in-play twice last year, and this can be tracked down to the 1.0500 psychological level.
- JS
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.