EURUSD fails to post strong bullish correction; stands around 40-SMA

EURUSD lost significant momentum over the previous couple of days after the pullback on the 38.2% Fibonacci retracement level of the upleg from 1.0340 to 1.2550, around 1.1710. The worldÂ’s most traded currency is hovering near the 40-day simple moving average (SMA), while the technical indicators…

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