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Karina_Bella
Jan 19, 2024 3:32 AM

EURUSD : wrapped up in congestion near 1.090  

Euro Fx/U.S. DollarFXCM

Description

Hello dear friends, are you wondering about the trend of EURUSD?

Today EURUSD is trading around 1,088 and still continues the short -term gaining momentum on the 1H chart. However, when looking at the general trend, this pair of money is still sideway at a limited price below the resistance level of 1,090 and the support level of 1,084.

The USD (DXY) index remains the same trend of price increase and is further supported by comments from R. Bostic (Atlanta) thereby continuing to put pressure on the EURUSD pair.

Karina still appreciates the Sell strategy today with the trading idea as being displayed on the analysis chart

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