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EUR/USD bullish but needs to build on this week's momentum so far

The euro is sitting in a good spot against the dollar, holding that push above 1.1000 once again this week while keeping above the 100-day moving average (red line) on the weekly chart above. Buyers are looking poised but to justify a further breakout, there is more work to be done.The recent highs around 1.1090-95 remain a bit of an annoyance before any clear path towards 1.1200 next. The 200-week moving average (blue line) will also be a focus point on any break higher, and that comes in aroun... Read More

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Eur

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Forex

Posted: May 4 2023, 07:26

Author Name: forexlive

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