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EURUSD trades to new lows into the London fix

November 21, 2020 by admin 0 Comments

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Tests swing area over the last few days

The EURUSD trades to new lows into the London fix and in the process has moved to test a swing area at 1.18487 to 1.18515. On Wednesday, the low based twice in that area. On Thursday, the price fell below and found intraday sellers against the area before breaking higher in the NY afternoon session. Earlier today, the price stalled in that area. Follow the red numbered circles in the chart below and yellow area.

A move below now should solicit more selling. Key test into the London fixing at the top of the hour.

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This article was originally published by Forexlive.com. Read the original article here.