The EURUSD buyers are taking back some control from the sellers.

October 24, 2024
-FCHFX

October 24, 2024 at 09:06PM
The EURUSD is making a technical break into the close as it moves above its 100-hour moving average for the first time since September 30. That level comes at 1.08129.

Getting and staying above that moving average is a win for the buyers.

The next target comes against the 200 hour moving average at 1.08423. If that moving average can be broken in the new trading day a run toward the 200-day moving average near 1.0872 is not out of the question.

Buyers make a play after the trend move lower shows some signs of losing downside momentum.

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

The EURUSD buyers are taking back some control from the sellers.

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