EURUSD Retracement 10.11.2023

10 нояб. 2023 г.

The pair started to deviate from the mean by going downwards. It changed direction to the upside and so moved around the mean. However it eventually settled lower as the USD was picking up strength against the EUR.

The last movement to the downside was relatively a rapid one. The pair found strong support at near 1.06580 that could serve as the 100 Fibo level. A retracement is possible back to 1.06790.

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