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The forex markets are mostly consolidating as the new trading week begins

The forex market is mostly consolidating as the new trading week begins. In the morning forex report, I take a look at the EURUSD, USDJPY, GBPUSD and USDCAD to kickstart the technical look for the day. The EURUSD is making a run to the upside and back above its 100 hour MA at 1.08849. Can it stay above.

For the USDJPY, GBPUSD, and USDCAD, the price action is mostly up and down with technical levels helping to define the range.

In early trading the US stocks are lower.

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Content Topics

Forex

Markets

Mostly

Consolidating

Trading

Week

Begins

Posted: Jan 30 2023, 14:05

Author Name: forexlive

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