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Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF
The Euro has started Q3 with a troubling move as the single currency has seemingly been unable to catch a bid. Yesterday saw EUR/USD push down to a fresh 19-year-low, and Euro weakness is showing as a pervasive theme with EUR/JPY and EUR/CHF putting in similar notes of bearish behavior. The root of the problem seems to be fundamental, which is starting to create a technical issue. The ECB is rightfully afraid of recessionary pressures, a risk that’s only grown after the Russian incursion of Ukraine. That situation has helped to push prices higher already and with tensions holding firm, there’s even more upside ... (full story)