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EURUSD Technical Analysis

The Fed this week came out slightly more hawkish than expected keeping interest rates unchanged at 5.00-5.25% but adding 50 bps to the projected terminal rate in the Dot Plot. The FOMC decided to pause at this meeting to gather more economic data before deciding on another possible hike at the July meeting. Their caution be justified by the weaker details in the latest NFP report, the ISM Services PMI report and the CPI report, although the core readings remain sticky at elevated levels. Fed Ch... Read More

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Eurusd

Technical

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Forex

Posted: Jun 16 2023, 07:13

Author Name: forexlive

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