EUR/USD Review, May 17-21, 2021 | worldforex
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EUR/USD Review, May 17-21, 2021
17 May 2021

EUR/USD tested the ascending trend line last week thanks to the partial US Dollar recovery. US CPI was far above expectations and supported USD growth.

We expect the currency pair to reach 1.2218 this week. If EUR/USD breaks out this level, the currency pair is likely to target 1.2397.

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