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EUR/USD at two month-lows as sellers hold their nerve

The pair has been one to provide early hints of the latest dollar strength, alongside USD/JPY, and is now working its way lower after a bit of a bounce at the end of last week. The break under 1.0800 and 100-day moving average (red line) was called into question early this week but sellers held their nerve and are being rewarded for it:The near-term chart this week has also been a crucial one as sellers maintained a defense at the 100-hour moving average, a level highlight earlier in the week he... Read More

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Eur

Usd

Month

Lows

Sellers

Hold

Their

Nerve

Eur usd

Month lows

Forex

Posted: May 25 2023, 07:42

Author Name: forexlive

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