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Alert - 17:50 (CET) - EurUsd
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The single currency fell against the Dollar due to the uncertainties surrounding the auto sector in the US. Apart from the words and announcements, we see no way out in the short term and the stocks and the crude are suffering the consequences. This has allowed the Dollar to regain some lost ground and is now challenging the 1.3300 levels.
The EurUsd is trading at 1.3324, ranging between 1.3251 and 1.3415, over yesterday's close at 1.3352. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The traders are watching the supports at 1.3000 (key), 1.2800 (December 9th low), 1.2517 (December 1st low) and 1.2334 (October 27th low). The resistances are watched at 1.3687 (October 15th high), 1.4000 (key) and 1.4768 (September 25th high).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 53 points, after being overbought. The average volatility per hour is 130 pips. Checking the daily graphics, we see that the current price is under the 38.20% (1.3920) and over the 50.00% (1.3280) Fibonacci retracement lines.
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