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Technical Analysis – EURUSD maintains weak bias in near term; immediate support 1.22

EURUSD has been trading sideways over the last three days within the 20 and 40 simple moving averages in the daily timeframe. The price lost its strong momentum for a bearish correction below a 5-month high of 1.2554 reached last week. However, the short-term technical indicators seem to be in confusion. From the technical point of view, the MACD oscillator is moving lower in the positive territory below its trigger line, signaling

The post Technical AnalysisEurusd Maintains Weak bias in near term; immediate support 1.22 appeared first on currency-forex-news.



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Technical Analysis – EURUSD maintains weak bias in near term; immediate support 1.22

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