EUR/USD may have reached overbought territory after the Fed

EUR/USD surged to a 6-week high on the Fed’s dovish decision. Powell’s comments add fuel to the fire, pushing the pair even higher. The four-hour chart shows overbought conditions. The Fed took a decidedly dovish twist. The fresh forecasts for interest rates, aka the “dot plot” shows no rate hikes in 2019, a significant slashing […]

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