We still a hold a long EURUSD view as the currency pair has consolidated above key resistance at 1.18 largely on the back of US dollar weakness. Additionally, the 50 day moving average is above both the 100 and 200 day moving averages, confirming the uptrend so we expect the positive momentum to continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.