New session lows for the pair but only by a few pips
The EURUSD followed the GBPUSD lower but at a slower pace. The price made new lows for the day but only by a pip or two. The 200 hour MA at the 1.1277 level stalled the fall (the low is 1.1280). The last time the price was below that MA was just before the US employment report last week. The MA has caught up to the price. Buyers leaned against the level.
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