White House Press Secretary Karoline Leavitt is shortly due to provide her first press conference si...
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The sharp reversal in EURUSD from last week’s high confirms the start of a corrective cycle. This highlights an unwinding of a recent extreme overbought reading in the trend, particularly with the piercing of the 1.1793 20-day EMA. Support at the 50-day EMA lies at 1.1729. A breach of the 50-day average would suggest scope for a deeper retracement. Initial firm resistance is at 1.1975, the Jan 30 high.
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