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- EURUSD Price Analysis: Solid resistance emerges around 1.0100
EURUSD Price Analysis: Solid resistance emerges around 1.0100
- EURUSD comes under pressure near 1.0100 on Wednesday.
- The surpass of this area could allow for extra gains near term.
EURUSD’s strong recovery appears to have met a tough hurdle at the 1.0100 zone so far this week.
If the pair manages to surpass this zone in a sustainable fashion, it could then challenge the September top at 1.0197 (September 12) prior to the August high at 1.0368 (August 10).
While above the 9-month resistance line, today near 0.9840, extra gains look likely.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0450.
EURUSD daily chart
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