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EURUSD corrects back to its broken 100 day moving average at 1.09303

Rates stabilized and moved off highs and stocks rebounded. That has led to a reversal in the USD to the downside. For the EURUSD, the price fell below the 61.8% retracement of the move up from the end of May low at 1.0880 on its way to a low price of 1.0874. However, the price has snapped back higher and in the process has returned back to its broken 100-day moving average of 1.09303. The high price just reached 1.09304 and found sellers on the test. The current price is trading at 1.0922.If the... Read More

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Content Topics

Eurusd

Corrects

Back

Broken

Moving

Average

09303

1 09303

Forex

Posted: Aug 14 2023, 16:28

Author Name: forexlive

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