EUR/USD Review, October 17-21, 2022 | worldforex
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EUR/USD Review, October 17-21, 2022
17 October 2022

 

The currency pair stays below the descending trend line due to the US data. US CPI data that was released last week shows price growth, which, in turn, may indicate the Fed to continue its hawkish policy. EUR/USD has tested 0.9773 last week. However, the currency pair failed to break this level. We expect EUR/USD to plunge targeting 0.9562 this week.

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