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Daily Analysis By FXGlory
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[QUOTE="FXGlory Ltd, post: 339226, member: 106971"] [B]EURUSD Analysis for 06.03.2024 [/B] [ATTACH type="full"]60272[/ATTACH] [B]Time Zone: GMT +2 Time Frame: 4 Hours (H4) [/B] The EUR/USD pairing is currently on an upward trend in the 4-hour chart, maintaining its position above the central Bollinger Band with continued higher highs and lows. As the price hovers near the upper Bollinger Band, we might see some resistance or further bullish push. The Parabolic SAR below the price candles and an RSI of around 52.87 endorse the uptrend, yet we're not in overbought territory. However, the MACD suggests a mild waning of momentum, hinting at a need for caution. It's key to monitor for potential breakouts or rebounds at the upper band and to stay updated with any key economic news that could affect market volatility. Always approach with prudence and enforce stringent risk management[B]. Disclaimer: [/B]This is informational and not investment advice. Do your own research and assess your risk when trading. [B] [/B] For detailed market insights and trading strategies, please visit: [B]fxglory.com[/B]. [B] FXGlory 06.03.2024[/B] [/QUOTE]
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