EUR/USD Forecast: Continues to Hang Onto the 200-Day EMA

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EUR/USD Forecast: Continues to Hang Onto the 200-Day EMA
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$EURUSD Continues to Hang Onto the 200-Day EMA

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However, with Jerome Powell suggesting that interest rates in America will continue to climb, and perhaps even at a faster pace than originally thought, it makes sense that the US dollar might gain momentum. Either way, it is likely that the market will try to get down there given enough time, so traders should consider selling rallies.

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