$EUR /USDC: Consolidating Near Highs 📊
Current Price: $1.1692 (Rs 332.69, +0.46%)
Key Observations:
* Recent Peak: The pair hit a 24-hour high of $1.1720 and is now seeing some consolidation.
* Moving Averages: Price is currently hovering around MA(7) ($1.1693) and above MA(25) ($1.1685) and MA(99) ($1.1649), suggesting a short-term range within a broader upward bias.
* Volume: Volume has decreased during this consolidation phase, which is typical.
* Support & Resistance: The 24-hour low of $1.1635 shows recent support, while $1.1720 acts as immediate resistance.
Outlook: EUR/USDC is in a tight range after a recent push higher. Watch for a decisive break above $1.1720 for continuation, or a dip towards the moving averages as potential support.
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