- EUR/USD bears are in the market and eye last month’s highs.
- A break of support will leave a 61.8% ratio vulnerable on the daily chart.
The Euro is under pressure due to economic data that continues to show the resilience of the US economy in contrast to those that are topping on the edge of a recession, such as the Eurozone. The initial balance for the week is being set ahead of the Federal Reserve on Wednesday and the following analysis leans with a bearish bias.
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