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Chart Of The Day: EUR/USD

Published 08/30/2021, 06:05 PM
Updated 07/09/2023, 06:31 AM

EUR/USD Daily Chart.

EUR/USD put in a false breakdown a couple weeks back, and with a dovish FOMC, EUR/USD is at risk of a move above the 1.1810 resistance. This is also the 50-day moving average, so a break above this level would put the longer-term 38% Fibonacci retracement and the 161% extension of the last move lower as a target just below the 1.1900 level. 

Latest comments

It smells this way. Tomorrow (today) Germany will show better then expected and France will have higher inflation, I bet:) As for USD, I am waiting the 4th of September, when their extraordinary deadline for a decision on the debt ceiling expires, what are they gonna do. Whatever they do, it will result in depreciation of dollar. (please someone, correct me if I am wrong about this American debt ceiling implications. I really need to be constructively criticised if I am wrong. All opinions are welcome.)
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