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#forexbreakfast – Forex 31/01/2022

EURUSD – The confirmation of expectations for a Fed rate hike in March, combined with Powell’s hawkish remarks, boosted the dollar last week, with the EURUSD falling below the static support at 1.1241.

Source: https://www.tradingview.com/chart/?symbol=FX%3AEURUSD

Although the EURUSD remaining in the bearish channel, with 1.1117 remaining the next relevant support, the currency pair has bounced back above 1.1250 on the prospect of a more hawkish ECB despite the current remarks by the president Lagarde.

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