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Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a potential medium to long-term bearish trend on the EUR/USD. Watch the 1.0740 key short-term resistance […]

The post EUR/USD: Sideways Within a Medium-Term Downtrend appeared first on Action Forex.

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