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EUR/USD Outlook: Retaining Bid Above 1.05 After Powell’s Testimony

The dollar is no longer safe enough with the Fed accepting the possibility of a recession. Treasury yields are pushing lower on recession concerns. The price is caught in an ascending triangle in the charts. After a bullish close yesterday, the EUR/USD outlook remained positive on Thursday. The US dollar is being weighed down by … Continued
The post EUR/USD Outlook: Retaining Bid Above 1.05 After Powell’s Testimony appeared first on Forex Crunch.

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