Euro's Spring Blues: Support Levels Get Clingy While Dollar Flexes
Key Points
- EUR/USD is struggling around the 1.1265-1.1275 support zone,...
Ever wondered what happens when two currencies have commitment issues? The EUR/USD pair is currently experiencing what therapists might call "attachment anxiety," hovering nervously around the 1.1265-1.1275 support zone while contemplating its life choices.
Moving Averages: The Ultimate Friend Zone
The pair finds itself awkwardly positioned below both the 100-hour and 200-hour moving averages (1.1339 and 1.1327 respectively), which are playing hard to get. Technical indicators are sending more mixed signals than a bad WiFi router - the RSI is sitting on the fence, while the MACD is clearly ...
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