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EURUSD Technical Analysis - Last line of defence for the Bulls

Last week, the Fed hiked by 25 bps as widely expected and left everything unchanged. Fed Chair Powell in the press conference just reaffirmed their data dependency and kept all the options on the table. The economic data since the FOMC meeting has been supporting the soft-landing narrative as the labour market data remained strong and the inflation data missed expectations. The ECB, on the other hand, hiked by 25 bps and changed a line in the statement that leant more on the dovish side. Presid... Read More

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Content Topics

Eurusd

Technical

Analysis

Last

Line

Defence

Bulls

Forex

Posted: Aug 2 2023, 06:15

Author Name: forexlive

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