EURGBP and EURCHF each tests 100 hour MA – ForexLive

Both cross pairs moving lower today

Looking at the hourly charts of EURGBP and the EURCHF each are moving lower today and each are approaching their respective 100 hour MAs. 

For the EURGBP, the  100 hour MA comes in at 0.8613.  A move below would next target the 200 hour MA at 0.8604.  Move below that and the sellers are more in control

For the EURCHF, the 100 hour MA comes in at 1.09746. The low just reached 1.09758 – just above that level.   On a break, the pair would next target the 200 hour MA at 1.09663.  Move below that, and the sellers are more in control.

EURCHF on the hourly chart

Of course, the moving averages can also provide support as risk can be defined and limited against the level.  So key barometer for both the buyers and sellers in both those currency pairs.  

Invest in yourself. See our forex education hub.

Leave a Reply

Your email address will not be published. Required fields are marked *