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EUR/USD Forecast: RSI Flirts with Oversold Zone Ahead of Euro Area CPI
EUR/USD may attempt to test the March low (1.0516) as it carves a series of lower highs and lows, and the update to the Euro Area Consumer Price Index (CPI) may do little to prop up the exchange rate as both the headline and core rate are anticipated to show slowing inflation. EUR/USD Forecast: RSI Flirts with Oversold Zone Ahead of Euro Area CPI EUR/USD remains under pressure following the Federal Reserve interest rate decision as European Central Bank (ECB) President Christine Lagarde tames speculation for higher Euro Area interest rates, and the Euro may face headwinds over the remainder of the year as the ... (full story)