EUR/USD Stalls Under 1.38, Double Top And Buy On A Dip Consideration

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After the poor NFP data release on 10/22, USD was shorted across the board, and the EUR/USD rallied sharply to a new high on the year. However, the rally stalled just under 1.38 and the market continued to respect this level as resistance during the 10/23 session. In the 1H



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