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News & Updates
EURUSD had extended its rally towards 1.2171 highs on Friday and has hit a shallow high around 1.2177 in early trade today. The rally from 1.1704 has exceeded fibonacci 0.618 retracement of earlier drop between 1.2350 and 1.1704 levels respectively.
Silver has raised through $27.55 levels this morning, alongside most risk assets. The metal has approached a strong resistance zone now and bears might be inclined to take control back soon. Also note that it has almost reached the fibonacci 0.618 retracement of the entire drop between $30.13 and $23.80 levels respectively.
USDJPY bulls are now looking poised to push through 112.00/50 mark, after have carved yet another higher low around 107.50. Please note it bounced off the trend line support since January 2021 lows as well. Looking higher from here for next few weeks.
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