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EURUSD continues the run lower.

EURUSD continues the run lower.

The EURUSD has a 148 pip trading range now. That is well above the 22 day average of 80 pips (about a month of trading).

Technically, the price cracked below both the 200 hour MA and trend line support at 1.0613 soon after the Fed Chair prepared remarks. There was a corrective move higher that retested that MA/underside of the broken trend line. Sellers leaned and pushed the pair lower.

The swing area between 1.0576 to 1.0585 was broken as well with more momentum to the downside... Read More

Posted: Mar 7 2023, 20:06
Author Name: forexlive
Views: 082149

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