The morning forex technical report. The USD moves down w/ the EURUSD testing its 50% level | Forexlive

In the morning forex technical report:

• The EURUSD is trading higher and in the process moving away from its 200 day moving average and testing its 50% midpoint of the 2022 trading range at 1.05155.
• The USDJPY move below a key target at the 38.2% retracement of the move up from the 2022 low at 137.24. Sellers push lower after the break.
• The GBPUSD has moved above its 200 day moving average at 1.21529. A close above would be the first since September 2021.
• The USDCHF moved down toward key swing area support. A break would be more bearish for the USDCHF.

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