Trades to a new session high. The EURUSD has was to new session high and in the process is testing a swing area between the 1.12385 and 1.12489. That swing area has been home to swing highs going back to early August (see red numbered circles). In March, price squeezed above that ceiling and raced up to the […]
1st move above its 200 day moving average since March 6 (blue overlaid line in the chart below currently at 136.085). The up and down price action in today session saw the lows stay above that moving average level. That gave the buyers/bulls more confidence to take the price higher.
Boeing leads the charge Boeing is leading the charge with a gain of 8.73%. The prices up $13.26 to $166.60. The market is taking comfort from the fact that some countries have delayed the purchase of the Max 737 vs. cancel orders for that airline.
Runs further away from its 200 day MA, but most toward the next key swing hi target Yesterday, the NZDUSD moved . It was the first time above the 200 day moving average since February 12 and the 1st close above the level since February 6, 2020.
He was global head of FX product development and sales at FlexTrade earlier in his career
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