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Euro Forecast: Prepare for Possible EUR/USD Break to the Downside
EUR/USD has traded for the past couple of weeks between resistance at the 1.20 round number and rising support that can be seen on the chart below. This could well be a continuation pattern suggesting the price will break to the downside and continue the previous falls from the February 25 high at 1.2243. From a fundamental perspective this would be no surprise given that the EU seems to be behind countries like the US and the UK in vaccinating its people against the coronavirus. That’s caused fears of another lockdown that would damage the prospects of an economic recovery from the slump caused by the Covid-19 ... (full story)
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