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The EUR/USD currency pair, which expresses the value of the euro in terms of the U.S. dollar, has been volatile over the past few weeks. Nevertheless, volatility has begun to settle down as the euro has begun to resume its long-term bearish trend. The chart below illustrates recent moves using daily candlesticks; the blue line is the 100-day moving average.
(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented hereafter.)
It is important to keep an eye on the moving averages, as otherwise it can