Looking at EURUSD’s chart, we can see that it has been in a downward trend confirmed after Powel’s last speech. It is traded close to its lowest level of the past years at around 0.994. Today we could expect a technical reaction towards the level of 1 to 1.10 but we do not expect to break it through. It is expected to be traded around the level of 0.99 for most of the day.
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