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EURUSD Thrills: Unraveling the latest corrective move & rejection of the key MA/swing area

EURUSD Thrills: Unraveling the latest corrective move & rejection of the key MA/swing area
Today, the EURUSD continued an upside corrective move higher which was started yesterday, in the Asian/early European session. That modest run to the upside saw the pair move closer to its falling 100-hour moving average (blue line in the chart above). It also saw the pair reenter a swing area going back as far as April 11 between 1.0895 and 1.0908. Recall, in trading last week, the price low stalled on Thursday within that area. On Friday, the pair initially found support in the area, but later... Read More
Posted: May 16 2023, 15:38
Author Name: forexlive
Views: 102476

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