EUR/USD Review, August 15-19, 2022 | worldforex
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EUR/USD Review, August 15-19, 2022
15 August 2022

 

The currency pair tested the descending trend line last week due to weak US inflation data. However, EUR/USD started a correction on Friday as it failed to break out the trend line. We expect the currency pair to test 1.0229 support level this week. If EUR/USD breaks it down, the currency pair will likely to develop its downtrend targeting 1.0002.

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