The EURUSD is testing the low worth from final Thursday at 1.08103. The low worth simply reached 1.08104.
A break beneath the extent may have merchants wanting towards the low worth going again to August 1. That degree is available in at 1.0777.
Earlier at this time, the worth examined the 200-day transferring common within the early Asian session and the 61.8% retracement of the transfer up from the June low at 1.08709 and 1.08746 respectively. Staying beneath these ranges gave the sellers the go-ahead to push to the draw back.
Sellers proceed to push decrease after testing the 2024 excessive simply 3 weeks in the past within the 1.1200 to 1.1213 space. Final Monday, the worth of the EURUSD moved beneath the 50% of the transfer up from the June low at 1.0938, the 100 day MA at 1.0934.
Immediately, the worth is transferring away from the 61.8% and the 200-day MA close to 1.0872.
Does the sample proceed and the pair development decrease tomorrow?
