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EURUSD chops back higher after buyers and sellers take their shots w/ neither hitting.

The EURUSD buyers took the pair's price above its 100-hour moving average (blue line in the chart below) earlier today, but ran into resistance near a swing area between 1.0911 and 1.09179. When the price moved back below the 100-hour moving average 1.08876, that turned the bias back in favor of the sellers. However, since then there has been yet another move back above the 100-hour moving average and the price currently trades at 1.0900.So traders can argue that the buyers had shot ABOVE the 10... Read More

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Content Topics

Eurusd

Chops

Back

Higher

After

Buyers

Sellers

Take

Their

Neither

Hitting

Forex

Posted: Aug 21 2023, 16:51

Author Name: forexlive

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