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CMS Daily Market Report 7th September 2022

 

According to the analysis, the euro broke out of the Wedge pattern last week and is now in the 0.98960 range. According to the price position in the daily chart, any increase in the price towards the range of 0.99200 is a selling opportunity, and the way to continue the downward movement towards the range of 0.97625 is available.

According to the analysis, the pound stopped in the 1.1609 range on Tuesday and is now in the 1.1480 range. The pound is now at its lowest price level in decades, and the 1.1450 range is the most important support area going forward.

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