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EURUSD recoups some losses Finds support near 20-day SMA Stochastics and RSI point north EURUSD is recovering somewhat after three consecutive red days from its 13-month high of 1.1200. The price is flirting with the 20-day simple moving average (SMA) and the 1.1050 support level, while the technical oscillators are showing some improvement. The stochastic […]

The post EURUSD Pauses Bearish Correction Near 1.1050 appeared first on Action Forex.

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12/07/2024

The Two Wolves of Monetary Policy

The ‘two wolves’ inside monetary policy are demand shocks and supply shocks. It is important to know which is which. There is a story in Native American folklore that inside each of us are two wolves, one evil, one good. The one that wins – the one you become – goes the saying, is the […]
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