The pair has now fallen to trade a few levels below the 100-hour moving average line. However, the currency pair bounced back later to avoid falling into the oversold levels of the 14-hour RSI.
Nicholas Kitonyi is a journalist specializing in finance at various prominent outlets. His work primarily focuses on commodities and futures, trading, and the evolving landscape of cryptocurrency, including regulation and taxation. Nicholas has been featured in Seeking Alpha, NFTgators, NewsBreak, Forbes, and FXDailyReport.Com.








