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CMS Daily Market Report 6th September 2022


According to the analysis, the euro broke out of the Wedge pattern last week and is now in the 0.98560 range. According to the price position in the daily chart, any increase in the price towards the range of 0.99700 is a selling opportunity, and the way to continue the downward movement towards the range of 0.97625 is available.

According to the analysis, at the same time as the election of the new prime minister, the downward movement of the pound stopped at the bottom of the descending channel, and the currency pair is now in the range of 1.1570. 

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