{"id":1170,"date":"2021-05-24T10:40:42","date_gmt":"2021-05-24T13:40:42","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1170"},"modified":"2021-05-24T10:40:45","modified_gmt":"2021-05-24T13:40:45","slug":"can-the-price-stay-above-the-ma-and-keep-the-bullish-bias-today","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/24\/can-the-price-stay-above-the-ma-and-keep-the-bullish-bias-today\/","title":{"rendered":"Can the price stay above the MA and keep the bullish bias today?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<p>The EURUSD is\u00a0starting the New York session above its 100 hour moving average at\u00a01.224050. The\u00a0price in the European session moved up to test that moving average, before\u00a0breaking above 3-4 hours. The high reached\u00a01.22187. There was a\u00a0test of the moving average in the\u00a0last hourly bar and also in the current hour bar.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210524\/2021-05-24_5-46-00.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>If the\u00a0prices able to find support and stay above the line, the\u00a0buyers would remain in control from a technical perspective. The highs from last week ranging from 1.2232 to 1.22448 would be\u00a0the upside targets.\u00a0<\/p>\n\n\n\n<p><br>Break back below the 100 hour moving average and 1.21958 and 1.21882 would be the\u00a0next target. The\u00a01.2176 to\u00a01.2181\u00a0represented a swing area going back to May 10 and\u00a0May 11. The\u00a0price index today in the European session did will below that lower area but\u00a0could not sustain momentum down to the 38.2% retracement of the move up from the May 13 low at 1.21707.\u00a0\u00a0<\/p>\n\n\n\n<p><br>The move higher in the EURUSD, has been helped by the rise in the EURGBP.\u00a0 \u00a0The\u00a0pair based against its 200 hour moving average before moving sharply higher.\u00a0 However, after extending above the 50% retracement and the highs from last week near 0.86425, the\u00a0pair has moved back lower in\u00a0early New York trading. So it\u00a0\u00a0seems to have reached a limit for now. The 50% at 0.86397 and the swing highs from last week at 0.89425, are now resistance once again.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210524\/2021-05-24_5-55-37.jpg\" alt=\"EURGBP in play today\"\/><\/figure>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/eurusd-starts-the-new-york-session-above-the-100-hour-moving-average-20210524\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/eurusd-starts-the-new-york-session-above-the-100-hour-moving-average-20210524\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/eurusd-starts-the-new-york-session-above-the-100-hour-moving-average-20210524<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD is\u00a0starting the New York session above its 100 hour moving average at\u00a01.224050. The\u00a0price in the European session moved up to test that moving average, before\u00a0breaking above 3-4 hours. The high reached\u00a01.22187. There was a\u00a0test of the moving average in the\u00a0last hourly bar and also in the current hour bar. If the\u00a0prices able to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1170","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1170"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1170\/revisions"}],"predecessor-version":[{"id":1171,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1170\/revisions\/1171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1106"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}