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Source: Action Forex News Agency
23 hours ago
Forex Medium Importance
EUR/USD Hits a Key Juncture—Recovery or Next Bearish Leg?

EUR/USD Hits a Key Juncture—Recovery or Next Bearish Leg?

Looking at the 4-hour chart, the pair settled below 1.1500, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). A low was formed at 1.1455, and the pair started a consolidation phase.

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EURUSD EUR/USD
Source: Action Forex
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Source: Action Forex News Agency
23 hours ago
Forex Medium Importance
US and Japan Central Bank Statements Push USDjpy Higher

US and Japan Central Bank Statements Push USDjpy Higher

Central bank meetings in the U.S. and Japan were the main focus last week. Both the Federal Reserve and Bank of Japan raised interest rates by 0.25% as expected, but their comments caused large market moves.

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USDJPY USD/JPY
Source: Action Forex
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