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EURUSD reaches downside target swing area

The EURUSD has fell below the 100/200 hour MAs after the jobs report and also below a swing area that was a ceiling going back to mid- January between 1.0866 and 1.0874 (see lower "Red Box" on the chart above).

The price decline continued toward the next target near 1.0799 and 1.0805. The subsequent corrective move higher stalled near the swing area again near 1.0866 to 1.0874 before restarting the downward move. These levels were outlined in my earlier video Read More

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Content Topics

Eurusd

Reaches

Downside

Target

Swing

Area

Forex

Posted: Feb 3 2023, 20:11

Author Name: forexlive

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