breaking news EURUSD breaks the 200 hourly MA and the 50% midpoint. Fails at the break.

THE EURUSD

EUR/USD

The EUR/USD is the currency pair comprising the single currency of the European Union, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair rate indicates how many euros are needed to buy a dollar. For example, when EUR/USD is trading at 1.2, it means that 1 euro equals 1.2 dollars. Why EUR/USD is the most popular trading pairCompared to all tradable currencies, the Euro (EUR) is the second most traded currency in the world, being

The EUR/USD is the currency pair comprising the single currency of the European Union, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair rate indicates how many euros are needed to buy a dollar. For example, when EUR/USD is trading at 1.2, it means that 1 euro equals 1.2 dollars. Why EUR/USD is the most popular trading pairCompared to all tradable currencies, the Euro (EUR) is the second most traded currency in the world, being
Read this term dropped sharply today. I outlined the move using the 4 hour chart in the morning video.

If you dialed the hourly chart above, the pair was also moving towards and through a few key technical levels at today’s lows on that chart. These levels included the 200 hours moving average

Moving average

A moving average is a statistical tool used to smooth short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a number of data points over a specific period of time and then plotting that average as a line on a graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.

A moving average is a statistical tool used to smooth short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a number of data points over a specific period of time and then plotting that average as a line on a graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
Read this term and 50% of the midpoint of the rise from last week’s low to this week’s high. These technical levels are converging towards 1.0722. The low price reached 1.07125 about 10 pips below this level, but could not maintain momentum and quickly bounced back above the level. The current price is trading at 1.0764.

In the morning video I talked about the resistance near 1.0744 at 1.07592. Staying below this level would allow sellers to maintain full control. The price is trying to get back above this level. The broken 38.2% retracement at 1.0711 and the 100 hourly moving average (blue line in the chart above) come in at 1.0794. They are superior targets.

There is some relief in the stock markets. Deutsche Bank shares are off their low of $7.96 and are currently trading at $8.34. The US Regional Banks ETF Index (KRE) is trading virtually unchanged at $42.16 after trading at $41.28.

Major indexes are still lower with the Dow Industrial Average down 192 points or 0.59%, the S&P down -21 points of -0.54% and the NASDAQ down -58 points or – 0.49%, but they too are off the lows for the day.

Finally, US yields are moving up but still down. In this case, higher returns indicate less anxiety and less flight to safety:

• 2 years 3.703% down 10.02 basis points. It traded as low as 3.555%
• Yield 10 years 3.354%. The intraday low was at 3.287%
• 30-year yield 3.65%, up from 3.603%

Markets remain volatile and subject to rapid movements in either direction. Know.