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EUR/USD Weekly Forecast

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by , 04-24-2022 at 07:31 PM (313 Views)
The ECB has no intention to raise rates in Q2 while the Fed is weighing up multiple 50 basis point hikes and Lagarde requests dissenting members to delay criticisms.

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Daily price is located on the primary bearish area of the chart: the price is on secondary ranging within 1.0757/1.0936 support/resistance leverals waiting for the direction of the bear market rally to be started in case of 1.0936 resistance is crossed to above or the bearish trend to be continuing if the price breaks 1.0757 support level to below. Conclusion: bearish ranging within the levels.


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