EURUSD moves to new lows as tariff talks yield little ...Middle East

On the daily chart, this area holds significant technical importance. The 2023 high came in at 1.12753, while the 61.8% retracement of the broader decline from the 2020 high to the 2022 low sits at 1.12709. For sellers to gain more traction, a break below this dual support zone is needed. Until then, the broader bullish bias remains intact.

Drilling into the hourly chart, Friday’s low swing level also stalled near 1.1274, adding another layer of short-term support. A break below that level could see further downside toward the 38.2% retracement of last week’s rally at 1.12495, and the rising 100-hour moving average just below at 1.1246. A move below both would increase bearish momentum in the short term.

This article was written by Greg Michalowski at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( EURUSD moves to new lows as tariff talks yield little )

Also on site :

• A look at six bills in Albany awaiting Gov. Hochul’s signature
• Numbrix 9 - June 18
• BACK