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Forex Technical Major Pairs Analysis | September 05, 2022

From fxdailyreport.com

U.S dollar index printed another higher high in today’s trading session. However, the index seems losing bullish pressure as it returns near the opening level. If the index moves lower again then we might see a bearish correction toward the 108.00 level. Traders will continue to maintain a bullish outlook nearing the Fed FOMC meeting. We might see a major reversal after the FOMC meeting which could bring the index into a bearish trend. EUR/USD: {chart} EUR/USD pushed lower today and print a new lower low. Despite the situation, we think there is a more bearish movement for the pair before an actual bullish reversal ... (full story)

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  • Category: Technical Analysis