EUR/USD pressured by data, but may be oversold

EUR/USD extends its gradual decline on a growing fundamental divergence. Updated EU Forecasts are in the limelight, and also US jobless claims are of interest. The four-hour chart shows oversold conditions, implying a bounce. Euro dollar is trading close to 1.1350, in a slow yet persistent grind to the downside. The divergence between the OK […]

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