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EUR/USD Price Analysis: Approaches 1.0770 support within weekly bullish channel
EUR/USD stays pressured around 1.0790 amid the early hours of Thursday’s Asian session, after refreshing the nine-month high but posting a daily negative. In doing so, the major currency pair remains inside a weekly bullish channel, poking the 50-SMA immediate support as of late. However, the bearish MACD signals and steady RSI (14), not to forget the weekly trading range, keeps the EUR/USD sellers hopeful of breaking the 1.0780 immediate support and approaching the 1.0770 key level comprising the stated channel’s lower line. It’s worth noting that the quote’s weakness past 1.0770 could quickly drag it to the ... (full story)
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- Jan 18, 2023 8:43pm Jan 18, 2023 8:43pm
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traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1591 Comments
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- Jan 19, 2023 7:05pm Jan 19, 2023 7:05pm
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mjl
- | Joined Aug 2011 | Status: Member | 40 Comments
With due respect to all (who might have a different viewpoint).