ECB Knot: He is not concerned about prospect of stronger EUR ...Middle East

Not concerned about prospect of stronger EUR and smaller current-account surplus

The EURUSD has traded to the highest level going back to November 2021 this week (the high price on Monday reached 1.15726).. At the start of the session today, the price fell sharply to a low of 1.1307. The current priceis trading at 1.1339. That is below its 200 hour moving average of 1.1391, but above support at the low for the day, and below that support on the daily chart between 1.1271 and 1.1275 (the high from 2023, and the 61.8% retracement of the trading range since the 2020 high price)..

This article was written by Greg Michalowski at www.forexlive.com.

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