EUR/USD Structure: Head and Shoulders Confirmed
EUR/USD broke the 1.1410 neckline, confirming a weekly Head and Shoulders pattern. With dovish ECB remarks, price targets 1.1354 next.
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EUR/USD broke the 1.1410 neckline, confirming a weekly Head and Shoulders pattern. With dovish ECB remarks, price targets 1.1354 next.
EUR/USD trades at 1.1428 as a 45% Fed hike probability drives the pair lower amid central bank divergence and geopolitical risks.
The EUR/USD pair dropped to a one-year low near 1.1365 as the US Dollar Index hit a 13-month high.
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Nordea warns EUR/USD could slide to 1.03 if support cracks amid a 162 basis point rate differential favoring the US dollar this year.