Monthly Archives: August 2019

New lows in EUR /USD what we should expect for the future?

EUR USD   TECHNICAL ANALYSIS EUR/USD drops sharply to as low as 1.1033 confirms the resumption of the downtrend. The US Dollar surged in reaction to the Fed’s hawkish interest rate cut yesterday.Federal Reserve lowered its benchmark interest rate by 25 bps for the first time since December 2008 but the lack of commitment of future rate cuts turned out to…

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