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EURUSD corrects higher into overhead resistance

The EURUSD has corrected higher in trading today and the softer-than-expected core PCE data helped to push the price to a new high for the day at 1.1032. That move did extend above a swing area up to 1.10267, but overhead resistance defined by the 50% midpoint of the July trading range AND the falling 100-hour moving average near the same level at 1.10539 may have attracted some sellers. The price correction off of the low also moved within the 38.2% retracement – 50% midpoint of the week's trad... Read More

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Eurusd

Corrects

Higher

Into

Overhead

Resistance

Forex

Posted: Jul 28 2023, 13:18

Author Name: forexlive

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