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Indicator analysis: Daily review of EUR/USD on August 10, 2023
August 10, 2023 8:27 amVideo
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Trend analysis (Fig. 1).
The EUR/USD currency pair may move upward from the level of 1.0973 (closing of yesterday’s daily candle) to 1.1050, the 38.2% pullback level (blue dotted line). From this level, the price may move down.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0973 (closing of yesterday’s daily candle) to 1.1050, the 38.2% pullback level (blue dotted line). From this level, the price may move down.
Alternatively, the price may move upward from the level of 1.0973 (closing of yesterday’s daily candle) to 1.1013, the historical resistance level (blue dotted line). From this level, the price may move down.
The material has been provided by InstaForex Company – www.instaforex.com
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