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EURUSD trades near converged 100/200 hour MAs ahead of the US jobs report

The EURUSD is trading at a neutral level head of the US jobs report. That level comes at the converts 100 and 200 hour moving averages at 1.10179. The current price is trading at 1.1015 just below that level. Traders are setting up for the next shove off of a stronger or weaker jobs report.On a weaker report/weaker dollar, watch 1.1044 is a level to get to and through followed by a swing area between 1.1066 and 1.1075. The high price from this week and last week were up near 1.1095 just short of... Read More

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Eurusd

Trades

Near

Converged

100

200 Hour

Ahead

Jobs

Report

100 200

Forex

Posted: May 5 2023, 12:29

Author Name: forexlive

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