EUR/USD is oversold, but fundamentals remain negative

EUR/USD is consolidating its losses at 22-month lows. The dollar’s domination will see a test with the Durable Goods Orders. The four-hour chart shows clear oversold conditions. EUR/USD hit new 22-month lows at 1.1140, breaking below the previous 2019 low of 1.1176. Both sides of the equation contributed to the fall. The German IFO Business […]

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