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EURUSD moves to new session lows and new lows for the week

The EURUSD tried to move higher in the early Asian session and heading into the European morning session, but could not sustain upside momentum above its 100 and 200 hour moving averages (blue and green lines in the chart below). Weaker data ahead of Germany (factory orders) and EU (retail sales) helped to push the currency back to the downside. Buyers turn to sellers on the move back below the 200 and 100 hour moving averages which are near converged at 1.0713 area.The subsequent move to the... Read More

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Posted: Jun 6 2023, 12:50

Author Name: forexlive

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