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UncategorizedEUR/USD is trading near a 7-week low.

EUR/USD is trading near a 7-week low.

The EUR/USD rose slightly after yesterday’s fall.
Yesterday 23rd Feb, the EUR/USD traded lower and closed the day in the red zone near the price of $1.0605. Today 24th ,it on the contrary, rose a little, having risen to the level of $1.0625. On the hourly chart EUR/USD is still trading below the moving average MA (200) H1 ($1.0680). The situation is similar on the four-hour chart.

Resistance levels are at: $1.0660-65, $1.0700-05, $1.0720

Support levels are at: $1.0600, $1.0525, $1.0500

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