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EURUSD stretches to the 38.2% retracement.Can the buyers make another run above the level?

The EURUSD moved above its 38.2% retracement of the move down from the September 12 high on Friday following the snapback rally post the US jobs report. That level comes in at 1.05709.Today, the price gapped lower at the open after the weekend news of the Hamas bombing in Israel. After a brief rally at the start of the trading day took the price back above the 38.2% retracement at 1.05709, buyers turned back to sellers and forced the price to and through the 200-hour moving average (green line i... Read More

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Eurusd

Stretches

38 Retracement

Can

Buyers

Make

Another

Retracement can

Level

Forex

Posted: Oct 9 2023, 20:02

Author Name: forexlive

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