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US Dollar Forecast: EUR/USD Rally Fizzles Ahead of March High
EUR/USD pulls back ahead of the March high (1.0981) to keep the Relative Strength Index (RSI) out of overbought territory, but data prints coming out of the US may curb the recent weakness in the exchange rate as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show slowing inflation. US Dollar Forecast: EUR/USD Rally Fizzles Ahead of March High EUR/USD remains under pressure following the European Central Bank (ECB) meeting even though the Governing Council kept Euro Area interest rates on hold, and the exchange rate may continue to give back the advance from the monthly low (1.0710) as it ... (full story)
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- Posted: Jul 23, 2024 1:36pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,406
