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Today News: EUR/USD [22 Nov 2021] - Dailyforextrading.net

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Today News: EUR/USD [22 Nov 2021] - Dailyforextrading.net

 



Bears take on bullish commitments
at key structure

EUR/USD is on the back foot as the market looks
for safer havens due to the covid concerns
sweeping through Europe.

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Daily recommendations on major

Despite resumption of recent downtrend to a fresh
16-month trough of 1.1250 Fri due to
Covid concerns in Europe

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EUR/USD turns red, risk of
more downsides

Looking at the 4-hours chart, the pair even settled
below the 1.1350 zone, the 100 simple
moving average (red, 4-hours)

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EUR/USD suggesting a primary downtrend

The US dollar, according to the dollar index, cruised to
fresh 2021 pinnacles last week at 96.24. Despite
this and irrespective of registering

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Currency market:EUR/USD

Currency prices enter a fairly horrible week ahead as
ranges are non existent and driven by
proximity to 5 year averages.

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EUR/USD Outlook No Brighter For Week
Ahead Despite Savage Falls

The argument that “you should never try to catch a
falling knife” was in widespread use last week as
traders watched EUR/USD drop.

Continue reading with Dailyfx...

 

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