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Forex Technical Major Pairs Analysis | August 01, 2022

From fxdailyreport.com

U.S dollar index bearish pressure managed to push the index down and reach the 105.50 level. The index immediately bounce from the level but made a bearish close. This week, the index might continue the bearish movement to test the 105.00 – 105.50 area. Traders will monitor the index reactions near the area. If the index could bounce with strong bullish reactions then we are set for a long-term bullish continuation. EUR/USD: {chart} EUR/USD has not reached the 1.0339 resistance level yet. The pair mostly trading sideways below the level and will wait for further development. We still think the pair will resume the ... (full story)

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  • Category: Technical Analysis