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EUR/USD: Thickening Daily Cloud Likely to Limit Recovery

EUR/USD: Thickening Daily Cloud Likely to Limit Recovery
The Euro extends bounce from temporary base at 1.0760 into second straight day, after failing to register a clear break below daily cloud (spanned between 1.0796 and 1.0875). Fresh strength was sparked by weaker dollar and oversold conditions on daily chart, which prompted a partial profit-taking. Recovery is likely to be limited while holding below […] The post EUR/USD: Thickening Daily Cloud Likely to Limit Recovery appeared first on Action Forex... Read More
Posted: May 22 2023, 11:48
Author Name: actionforex
Views: 092163

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