EURUSD hits downside swing area target low and bounces.

<p>Earlier <a href="https://www.forexlive.com/technical-analysis/eurusd-extends-toward-10500-20230927/" target="_blank" rel="follow">I wrote on the EURUSD </a>as sellers pushed lower:</p><blockquote>The momentum has continued today with a break into a swing area between 1.04846 and 1.05335. In between sits the natural support at 1.0500.</blockquote><p>I added:</p><blockquote>This swing area should attract some dip buyers. If the 1.04846 level is broken, I would look for buyers to turn to sellers, however.</blockquote><p>What happened? The 1.04846 level was tested (the low price reached 1.04872) and buyers came leaned and pushed higher. The price is now back above the 1.0500 on the rebound. </p>

This article was written by Greg Michalowski at www.forexlive.com.