EUR/USD Trades Lower Below 200-Day Moving Average Following Remarks by Bundesbank's Nagel

Friday, 22 March 2024, 14:46

EUR/USD is trading slightly lower on Friday, hovering below the 200-day Simple Moving Average (SMA) in the lower 1.0800s after comments by Bundesbank's Nagel. Market participants are closely monitoring the currency pair's movement for potential shifts in trend. The breach of the 200-day SMA highlights the impact of fundamental factors on EUR/USD's price action.
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EUR/USD Trades Lower Below 200-Day Moving Average Following Remarks by Bundesbank's Nagel

EUR/USD Dips Below 200-Day SMA

EUR/USD is trading a quarter of a percent down on Friday, in the lower 1.0800s just below the 200-day Simple Moving Average (SMA).


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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