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EUR/USD Price Slipping Towards 1.0500 as USD Firms up After Fed

Started by forex4you, May 06, 2022, 05:11 am

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EUR/USD Price Slipping Towards 1.0500 as USD Firms up After Fed

The EUR/USD pair maintains a bearish bias while it stays under the upper median line (UML). The channel's downside line stands as an immediate downside obstacle. Only a new lower low could activate a larger drop. The EUR/USD price rallied right after the FOMC, but the rebound seems over as the Dollar Index has managed … Continued


The post EUR/USD Price Slipping Towards 1.0500 as USD Firms up After Fed appeared first on Forex Crunch.


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