Today, the price moved back above the broken 38.2% retracement level at 0.90209, following comments from President Trump and Treasury Secretary Bessent on tariffs. The pair also climbed above the 100-hour moving average, establishing it as key support.
Support levels: The 100-hour moving average serves as immediate support. A break below it would shift focus back to the 38.2% retracement at 0.90209.Resistance levels: On the upside, clearing the 200-hour moving average at 0.90765 could signal a continuation of the bullish trend, potentially ending the recent corrective move lower. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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