EURUSD: 1D MA100 coming to support for first time since November

8. März 2023The EURUSD pair turned bearish on its 1D technicals (RSI = 40.726, MACD = -0.004, ADX = 33.089) after Powell heated up a rate hike acceleration on Tuesday and the sell off hit the 3 month HL trend line. Besides this, the strongest long term Support on the chart is the 1D MA100 that was almost hit. It is holding since November 10th 2022. As long as those two hold, we are long, TP = 1.06900 (under R1). A break below, should ignore S1 and head straight for the 1D MA200, where we will turn into selling (TP = 1.03500).


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