EURUSD corrects into support today

9 giu 2023

The EURUSD retraced lower today reaching down to 1.0758. That took the price into a swing area between 1.0747 and 1.0759. Recall from yesterday, the price broke above that swing area and also extended above the high from last week at 1.0779, but backed off into the close. In the Asian session today the price could not extend above the high from yesterday 1.07865, leading to the correct move back toward the support area.