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EURUSD consolidates the gains in the NY session but moving back higher.Buyers take a shot.

by Cyril M
November 12, 2022
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EURUSD consolidates the gains in the NY session but moving back higher.Buyers take a shot.
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EURUSD on the 4- hour chart

The low worth within the New York session reached 1.0265. The present worth is buying and selling at 1.0312. The excessive worth for the day reached 1.03323

The subsequent goal space is available in at 1.0339 to 1.0365 space (see blue numbered circles on the 4-hour chart above)

Wanting on the 5 minute chart, the swing low within the NY session moved to check the rising 100 bar MA (blue line) which is at present at 1.02758. The bounce off that stage will increase the MAs significance within the brief time period intraday foundation.

A transfer beneath it and the 38.2%/swing space on the 4-hour now wouldn’t be a very good sign at the very least within the brief time period.

EURUSD on the 5 minute chart



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Tags: consolidatesEURUSDgainshigher.Buyersmovingsessionshot
Cyril M

Cyril M

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