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CMS Daily Market Report 8th November 2022

 

The euro fell to the 0.97300 range last week, but at the same time as the dollar index fell at the end of the week, the euro also closed at the 0.99600 range at the end of the week. Now, according to the price position in the 4-hour chart, any drop in the price towards the 0.99500 range is a buying opportunity, and the way to continue the upward movement towards the 1.01340 range is available .

According to the analysis, the pound gained 1.22% on the first day of the week and closed at 1.1513 at the end of the week. Now, according to the technical position of the pound in the 4-hour chart, the price has stopped within the range of the short-term resistance trend line .

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