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EURUSD continues to step down. New lows for the day

The EURUSD continues to step down after stalling initially near the 50% midpoint of the 2023 trading range earlier today, but eventually breaking lower. The price is now testing the next target area between 1.07115 and 1.07243. A move below that level would have traders targeting the 61.8% retracement 1.06909. Sellers remain in firm control.

Taking a look at the 5-minute chart, the pair consolidated in the Asian session allowing for the 200 bar moving average (green line in the chart be... Read More

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Content Topics

Eurusd

Continues

Step

Down

Lows

Forex

Posted: Feb 6 2023, 17:55

Author Name: forexlive

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