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EURUSD can't hold above the 200 day moving average

The EURUSD moved higher with the lower dollar after the PPI. That is in the right direction for it and the CPI, but the PPI often takes a backseat to the CPI and other inflation numbers including the PCE price data.

The dated push the price above its 200 day moving average 1.0428. The high price reached 1.04806 before rotating back to the downside. Buyers tried to call the price above the 200 day moving average, but when that moving average is broken, there was disappointment and a ro... Read More

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Posted: Nov 15 2022, 14:59

Author Name: forexlive

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