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EURUSD Continuing correction testing 1.1978 level

EURUSD possible extension of the adjustment to break the resistance 1.1878. If successful, the pair will move to test the internal diagonal at level 1.1900, which will give us good prerequisites for detecting shortovi positions. The dollar remains supported by better data in the past week for Nonfarm Payrolls, and expectations for recent increases in interest rates. In Europe, does it expect quantitative easing, which is in the downward movement. SMA 50 is below the SMA100 and SMA200 4-hour chart – signal to sell. MACD and RSI with conflicting signals.

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