EUR/USD can extend its falls and also lose 1.1400

The EUR/USD tumbled down below 1.1500 as the US Dollar swept higher alongside rising bond yields, upbeat data, and a hawkish speech by Powell. What’s next? The Technical Confluences Indicator shows that the world’s most popular currency pair is struggling with a cluster of resistance around 1.1485. The congestion consists of the Bollinger Band 15m-Upper, the BB 4h-Lower, the Simple […]

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