Technical Analysis

EURUSD trades above it’s 100D MA. A close above today will be the first since Feb 10, 2022

The EURUSD is trading above it’s 100 day MA near 1.0042. The price broke above and traded to a high of 1.00676. The next upside target would be the high from October at 1.0093. That high tested the 100 hour MA, but could not close above the key MA level.

EURUSD trades above its 100 day MA

The last time the EURUSD closed above the 100 day MA was back on February 10, 2022.

On the topside, the high from October is joined by other swing levels up to 1.0121. A move above that level would increase the bullish bias more as sellers turn to buyers above key technical level.

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