EUR/USD tumbles below 1.0500 on risk-off mood, despite upbeat Factory Orders in Germany – by christianborjon EURUSD Macroeconomics Technical Analysis SEO
US Trade Balance deficit widened and could weigh on Q4 GDP
, some policymakers like Villeroy, Makhlouf, and Herodotou, expressed their support for a 50 bps rate hike, contrary to Knots and Holtzman, which backed an aggressive 75 bps.suggests the pair remains upward biased but losing some momentum, as Monday’s candlestick printed an inverted hammer, which usually appears at the end of an uptrend/downtrend. Since Monday, the Relative Strength Index has been aiming downward, while the Rate of Change proves sellers are losing momentum.
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