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EUR/USD Moves Lower

Published 01/27/2022, 06:44 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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USD/CAD
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FOMC statement with hawkish remarks is driving the USD higher while stocks have seen a new reversal down.

At the same time, this means that the market can remain in a risk-off mode, and more dollars gains lie ahead, especially now when precious metals also turned south.

EUR/USD is coming down on the 4h chart and accelerating after hawkish Fed quotes yesterday.

It appears that more weakness is in play now for a fifth wave drop below 1.1185. This can then be final leg of wave C) when looking at higher degree waves.EUR/USD 4-hour chart technical analysis.

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