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Michael_Harding
May 11, 2023 12:32 AM

EURUSD - Likely to Keep Chopping Around 

Euro Fx/U.S. DollarFXCM

Description

With not much bullish or bearish momentum, this pair is likely to remain in consolidation for the next couple of weeks.

Looking at Stochastics on the daily timeframe, it does indicate that the next move may be towards the upside.

This leaves me to question if the range resistance will be tested next before a possible break below support as outlined on the chart.
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