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EURUSD range trading with some common technical levels defining the range

The EURUSD is range trading as US trader return from the 4th of July holiday. The range is being defined by some fairly common technical levels with the :200 hour MA at 1.09043 stalling the rise (green line in the chart below), and the 38.2% of the move up from the end of May low to the June high at 1.0867 stalling the fall.So the technical levels are doing their job but at some point, there will be a break and run. However, until then, the technical levels are seeing ping-pong action between th... Read More

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Eurusd

Range

Trading

With

Some

Common

Technical

Levels

Defining

Forex

Posted: Jul 5 2023, 13:20

Author Name: forexlive

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