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EUR/USD is at a cross roads but likely to continue lower
EURUSD
, 1M
Short
EURUSD: EUR/USD is at a cross roads but likely to continue lower

The monthly chart is showing a descending wedge with price near the support. With the issues going on in the EZ (Russia/Ukraine, Inflation, Economy, Energy), the ECB is in a tough spot. Will the ECB continue to raise rates enough to put pressure on inflation and further spur a recession? Who knows, it does seem that the chart pattern might not hold up. With...

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