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Important addendum to the previous update on the EUR/USD
Whilst we covered quite a lot in the previous update, we did not mention a price point that might be very important and it is in place right now at 1.1108. That level capped the downside on October 14 and it has capped the downside so far this morning.
This is the price point of the 200 week moving average and the EUR/USD has not traded below that moving average since April 2025. It is clearly still guarding the downside, as indeed it did back on October 14. We think it important to bring this to your attention. The EUR/USD has just hit a fresh session low at 1.1116. It is right now at 1.1118
Market News
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