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EURUSD moves below a key floor. Old floor is now the ceiling.

EURUSD moves below a key floor. Old floor is now the ceiling.

Technical Analysis
Greg Michalowski
25/05/2023 | 12:58 GMT
  • The old floor at 1.0750 is now the ceiling.

The EURUSD closed near a floor level on the daily chart near 1.0750. In trading today, that level was breached with momentum. What was once the floor is now the ceiling. Stay below is more bearish.

EURUSD
EURUSD break below and away from swing area

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