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Intraday Market Analysis – USD tries to bottom out
EURUSD hits resistance The euro slipped after ECB policymakers cautioned about fast rate hikes. The vertical ascent is a sign of a short-squeeze against medium-term positions as the pair approaches the July high of 1.0480. Its breach would lift offers to another daily resistance at 1.0600. However, the RSI’s overbought situation combined with a mean […] The post Intraday Market Analysis – USD tries to bottom out appeared first on Orbex Forex Trading Blog...
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Posted: Nov 16 2022, 07:40
Author Name: orbex
Views: 112571