Mon, 19 Aug 2024 12:51:13 GMT
EUR/USD moves higher, but faces resistance
The EUR/USD was finding support in the 1.1000 mark, as the US Retail Sales release caused a major decline. Eventually, the decline of the pair found support in the 1.0935/1.0950 zone. By mid-Friday, the pair had recovered to the 1.1000 mark, but at the time of writing it was observed that the resistance was holding and a decline started.
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