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EUR/USD nudges a little higher as downside break gets called into question

EUR/USD is up 0.2% to 1.0825 currently, sitting near the highs for the day. The range today may be relatively narrow still but buyers are seen making a play once again as they contest the 100-hour moving average:The key level has been a solid near-term spot for sellers to lean on in driving the pair lower from 1.1000 to just below 1.0800 last week. That also resulted in a break below its 100-day moving average, but now that move in itself is being called into question as highlighted earlier toda... Read More

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Eur

Usd

Nudges

Little

Higher

Downside

Break

Gets

Called

Into

Eur usd

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Forex

Posted: May 22 2023, 10:33

Author Name: forexlive

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