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Dollar gains to start European morning trade

There's not much of a catalyst behind it but the move continues from after the US CPI data yesterday, in which dollar losses were faded before the end of the day. EUR/USD is down 0.5% now to 1.0930 after failing to get above 1.1000 yesterday, with the 100-hour moving average limiting the upside move. The pair is seeing a bit of a triple top and that could be a bit of a dangerous technical pattern:The drop now sees sellers in near-term control, although there are large option expiries seen at 1.0... Read More

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Dollar

Gains

Start

European

Morning

Trade

Forex

Posted: May 11 2023, 07:22

Author Name: forexlive

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