EUR/USD breaks out of the range bound price action carried over from the previous week as a growing number of Fed officials warn of a transitory rise in inflation.
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EUR/USD breaks out of the range bound price action carried over from the previous week as a growing number of Fed officials warn of a transitory rise in inflation.
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Positives for the Australian Dollar beginning to rollover, however, soft USD keeps AUD/USD underpinned.
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Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight
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Trader confidence is high at present, with the safe-haven US Dollar dropping and stocks still rising. Moreover, IG client sentiment data suggest USD has further to fall.
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USD/CAD continues to test the psychological 1.2000 level after slipping below the September 2017 swing-low.
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