The 2-day-old down correction move of the USD came to an end yesterday after testing important long-term support zones, especially against the euro. That is the fourth failed attack on these lines, representing the lower end of the USD’s 4-week-old trading range. We now expect the upside of this range to be tested, with a slow upmove for the USD over the next days. At the fundamental front, there is no reason why the euro should climb against the USD. True, the interest rate differential still
Major Pairs' Countertrend Moves Stifled Again
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