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EUR/USD inches higher as buyers get a little impatient

The pair is up 0.3% now to 1.1270 at the highs for the day, with the dollar keeping slightly lower across the board. The gains are now starting to run into the 61.8 Fib retracement level of the swing lower from 2021 to 2022, seen at around 1.1274:I wouldn't label that as a major resistance level, especially if you pit it against the 200-week moving average (blue line) and the 1.1200 mark - both of which was broken last week already.Nonetheless, it is still a technical reference that sellers can... Read More

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Eur

Usd

Inches

Higher

Buyers

Little

Impatient

Eur usd

Forex

Posted: Jul 18 2023, 07:29

Author Name: forexlive

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