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End of week technical look at the EURUSD as we head toward a new trading week

The EURUSD wandered lower this week and in the process dipped below the 50% midpoint of the range since the 2021 high on the daily chart at 1.0942. What the price in the EURUSD could not do is stay below the rising 100-day moving average currently at 1.09193. That moving average was tested on Wednesday and Thursday, and each test found support buyers. On Friday the price moved higher and away from both the 50% retracement and 100-day moving average. That tilts the technical bias more to the ups... Read More

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Week

Technical

Look

Eurusd

Head

Toward

Trading

Forex

Posted: Aug 4 2023, 16:56

Author Name: forexlive

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