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Euro Technical Analysis: Next Leg Lower Beginning? Setups for EUR/GBP, EUR/JPY, EUR/USD
The Euro’s period of strength and resiliency at the start of 2022 may quickly be coming to an end. While EUR/USD rates experienced a bullish breakout earlier this week, there is growing evidence that the move is set to reverse. Coupled with a failure by EUR/GBP rates to advance meaningfully and EUR/JPY rates falling to fresh monthly lows, it may be the case that EUR/USD strength has masked problems elsewhere. With fundamental problems still abound – mainly, the European Central Bank’s refusal to raise rates in the face of high inflation – a fresh wave of Euro selling could be ahead. chart EUR/USD rates ... (full story)
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