EUR/USD Review, May 16-20, 2022 | worldforex
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EUR/USD Review, May 16-20, 2022
16 May 2022

 

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The currency pair developed its downtrend last week due to positive US CPI data. This may lead to further monetary policy tightening. EUR/USD broke down 1.0451 last week. We expect the currency pair to have a correction towards 1.0451. Later on, the currency pair is able to develop its downtrend targeting 1.0230.

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