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EURUSD Technical Analysis - The pair remains in a strong downtrend

US:The Fed left interest rates unchanged as expected.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the year with less rate cuts in 2024.Fed Chair Powell reaffirmed their data dependency but added that they will proceed carefully as they are trying to find the optimal level of rates. Powell also added that the soft landing is not the b... Read More

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Content Topics

Eurusd

Technical

Analysis

Pair

Remains

Strong

Downtrend

Forex

Posted: Oct 3 2023, 06:01

Author Name: forexlive

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