ONTRADE Forex

EUR/USD Price Forecast: Pre-Fed consolidation in the pipeline

EUR/USD Price Forecast: Pre-Fed consolidation in the pipeline
EUR/USD is sticking to a soft downside bias on turnaround Tuesday, sliding back toward the key 1.1600 area and marking fresh multi-day lows. It’s also testing the 55-day SMA from above, adding a bit of technical tension to the move.

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