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Friday, April 27, 2018

[FOREX NEWS] After the downfall, EUR/USD may be extra stretched


The EUR/USD trades at the lowest levels since mid-January, fueled mostly by USD strength. Mediocre euro-zone data is not helping and the US GDP could provide another blow. The technical picture points to emerging oversold conditions. The EUR/USD is trading around $1.2070, suffering the third day of sharp falls. The US Dollar continues gaining traction [...]

The post After the downfall, EUR/USD may be extra stretched appeared first on Forex Crunch.



via Forex Crunch

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