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EUR/USD tests key technical support as dollar keeps firmer to start the session

In turn, this is pushing EUR/USD slightly lower on the day as the tight range earlier expands a little. The pair is now down to a low of 1.0916 and is testing key technical support from its 100-day moving average (red line) at 1.0915. Keep in mind that there are also large option expiries in play for the pair at the 1.0900-20 region today.As such, that could keep price action just above the 1.0900 mark before the expiries roll off but it would highly depend on broader market sentiment as well.If... Read More

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Content Topics

Eur

Usd

Tests

Technical

Support

Dollar

Keeps

Firmer

Start

Eur usd

Session

Forex

Posted: Aug 3 2023, 07:13

Author Name: forexlive

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