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EURUSD Technical Analysis

On the daily chart below for EURUSD, we can see that the price keeps on trying to breakout the 1.1033 high, but as of now all the attempts failed. The red long period moving average is offering support for the buyers, but the sellers above the 1.1033 high are very strong and if they succeed to make a new lower low, we may have a big double top pattern. Yesterday, the price was about to break below the moving average as the US ISM Manufacturing PMI beat expectations the previous day, but then the... Read More

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Content Topics

Eurusd

Technical

Analysis

Forex

Posted: May 3 2023, 08:34

Author Name: forexlive

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