Bears dominate a quiet working dayThe EUR/USD pair fell to 1.1453, a fresh 2021 low and a level not seen since July 2020. The dollar remains strong amid ruling risk-aversion
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Dollar strength hits EUR/USDEUR/USD continues to decline, with yesterday’s drop providing the break below support that reinvigorates the downtrend currently in play.
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Inches closer to 1.1420-10 support zoneEUR/USD bears take a breather around the July 2020 levels following a two-day downtrend, taking rounds to 1.1450 during Friday’s early Asian session.
EUR/USD to sink towards 1.10 in 2022 as laggard ECB dampens euro sentimentEconomists at CIBC Capital markets expect the euro to depreciate as the Federal Reserve outguns the European Central Bank (ECB)
Reaches 50.00% Fibonacci retracementThe decline of the EUR/USD, on Thursday, passed the support of the weekly S2 simple pivot point at 1.1463 and reached the 50.00%
EUR/USD dipped to 15-month lows around 1.1470US CPI data was notably higher than expected with the headline rate at 31-year highs at 6.2%. US and global inflation concerns intensified after
Close below key Fibo support could spark bigger dropThe Euro remains in red on Thursday and extends weakness to the new 2021 low, hitting the lowest level since July 2020