Shifting away from outdated 2019 low
The EURUSD moved to new 2019 lows yesterday under 1.12885. At this time, the break degree was first examined, then damaged. Within the NY session the low moved to 1.1287 earlier than transferring again larger once more over the past hour or so. Patrons are constructing a case for extra upside.
If that the “case” is to get extra assist from “the market”, the 100 hour MA (blue line within the chart above), must be damaged at 1.13247. The excessive to date has reached 1.1315 immediately.