EURUSD very close to the key resistance zone of 1.0944

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EURUSD found support around the 1.0856 level and now it’s trying to consolidate again above the daily pivot point zone of 1.0896.

If that happens, then pair will look to face off the 200 SMA at H1 chart, which is currently doing dynamic resistance over the EURUSD. However, the bearish outlook in the short term is still alive, as long as the pair stays below that moving average.

MACD indicator is entering at positive territory and is looking to turn into the neutral zone.

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P: V: D:20200919 07:22:57