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EUR/USD recovers from Fed hike
Despite the Federal Reserve’s (Fed’s) turn towards a more hawkish policy last night, EUR/USD has managed to rise, moving back above $1.18 and holding the rising trendline from the May lows.
A move above last week’s high at $1.1840 would open the way to $1.1915 and $1.1996. A move below $1.1770 risks the loss of the rising trendline, targeting support at $1.1717.
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