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EURUSD trades within a technical range with the 100H MA as support and swing area above

The EURUSD in the NY session, opened near its 100-hour MA (blue line in the chart below). Sellers could not push the price below that moving average, and sellers turned to buyers. The subsequent move higher worked its way toward a topside swing area between 1.0551 and 1.05572. The high price reached 1.05571. Sellers leaned, and the price rotated back lower.The pair currently trades near 1.0540.With support defined against the 100-hour moving average, and resistance defined against the tide of th... Read More

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Eurusd

Trades

Within

Technical

Range

With

100h

Support

Swing

Forex

Posted: Oct 9 2023, 16:26

Author Name: forexlive

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