The EURUSD
EUR/USD
The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be
The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term is back below the 100 hour MA and trades toward the rising 200 hour MA at 1.08642. The low price just reached 1.0867 just above that moving average level.
Recall that the price fell below the 200 hour MA on Friday, but stalled just ahead of the low from last week (Tuesday) at 1.08345. The low on Friday reached 1.08372 before rotating back to the upside.
Earlier today, the price dipped below the 200 hour moving average
Moving average
A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot
A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term reaching a low of 1.08523 but once again could not sustain momentum and rebounded back to the upside.
While there is a floor near the loafer on Friday and last Monday near 1.08345. There is also a ceiling near the recent highs near 1.09288. In between sets the moving averages which act as a barometer between the up-and-down floor and ceiling..
Taking a broader look at the daily chart below, the swing lows and highs going back to March and April of last year stalled between 1.0935 and 1.0943. As mentioned above, the high price from last week reached 1.09288 – just short of that swing area on the daily chart. Sellers leaned ahead of that target, and the area remains a key area needed to be broken to increase the bullish bias going forward.
EURUSD stalled near the highs/low from March/April 2022
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