EURUSD tests 50% target for the 2nd time. Can the level give way?
Buyers testing the key midpoint
Key level for buyers and sellers. A break above would have traders looking toward a swing area between 1.1864 and 1.1868. Above that, and the 200 day MAat 1.1876 would be eyed. The price fell below the 200 day MA back on March 23rd and stayed below that key moving average. The low was reached last week at 1.17035.