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A technical look at the major currency pair after Fed Chair Powell Jackson Hole speech

A technical look at the major currency pair after Fed Chair Powell Jackson Hole speech
The USD initially moved lower during and after the Fed Powell speech at Jackson Hole. However, that trend has reversed with the dollar moving back to the upside. Technically speaking, the move lower in the dollar did find willing buyers against technical levels in most of the major currency pairs. I outlined those levels in premarket videos on forexlive.com. EURUSD: The EURUSD is back below its 200 day moving average at 1.0801, and test a swing area between 1.07738 and 1.07899. Moving stay bel... Read More
Posted: Aug 25 2023, 14:51
Author Name: forexlive
Views: 112217

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