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#forexbreakfast Forex 02/05/2022


The EURUSD exchange rate fell further, falling below 1.05 and then settling around that level. The Fed meeting on Wednesday will be crucial, given high expectations for rate hikes. On the technical front, the currency is consolidating just above the 1.05 support level and has dropped below the bearish channel. The first dynamic resistances on the upside are located at 1.0726 and 1.1090.

Source: https://www.tradingview.com/chart/?symbol=TVC%3AUKOIL

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