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EURUSD stays above hourly moving averages today, but upside is limited.

EURUSD stays above hourly moving averages today, but upside is limited.
The EURUSD did find support bars against its 200-hour moving average 1.05665 (green line on the chart below), and remained above its rising 100-hour moving average 1.05616 as well.. That's a short-term tilt to the upside.The not so hot news is that the high price stalled near the 1.0600 level after extending above the swing eyes from Tuesday and Wednesday at 1.05941. The price high also stalled ahead of the 50% midpoint of the move down from the September high at 1.06087, AND also the 38.2% retr... Read More
Posted: Oct 20 2023, 16:15
Author Name: forexlive
Views: 110735

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