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Forex Technical Major Pairs Analysis | May 30, 2023

From fxdailyreport.com

{chart} The U.S dollar index looks weak today and there is a chance to continue the movement towards 103.50. Even so, the index seems to have made a recovery movement and is almost back to its opening level. There is still an opportunity for the index to continue its strengthening and traders will continue to take advantage of this movement as an opportunity to enter short positions. If the bearish trend continues then the 100.00 support level is a downside target. EUR/USD {chart} EUR/USD has not yet reached 1.0650 but has seen a bullish reaction in today’s trading session. Because the support point hasn’t been ... (full story)

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  • Category: Technical Analysis