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EURUSD extends above 50% retracement target. Buyers taking more control

EURUSD extends above 50% retracement target. Buyers taking more control
The ECB raised rates by 25 basis points across the board. There is more to come as inflation remains high. The US a data dump had a little bit of something for everyone. Overall the EURUSD is trading to the upside help by the technicals.More specifically, the low prices today stalled against the 100 day moving average of 1.08049. Holding against that key moving average level gave the buyers a go-ahead to push higher. More recently as the ECB press conference continued, the price has extended ab... Read More
Posted: Jun 15 2023, 13:50
Author Name: forexlive
Views: 102093

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