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EUR/USD Consolidating Ahead of the Jackson Hole Symposium

posted by Avatar FXTimes 266 days ago in USD, EUR, Technical

After yesterday’s (8/28) break above a consolidation trendline, the EUR/USD showed some bullish momentum as the 1H RSI tags 70, but price action remains subdued, staying under the 1.2590 high from last Thursday (8/23). Since finding resistance at 1.2575 during the earlier part of the 8/29 session, it fell during the European-US session and is...
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