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EUR/USD Hits Resistance

Started by PocketOption, Feb 09, 2022, 02:33 pm

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PocketOption

Feb 09, 2022, 02:33 pm
EUR/USD Hits Resistance

The euro fell back after ECB President Lagarde tried to cool rate hike expectations. The rally came under pressure at the January peak of 1.1480. The RSI's overextension at this daily resistance prompted momentum buyers to cash in. A combination of profit-taking and fresh selling may drive the exchange rate lower. Short-term sentiment remains upbeat […]


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