After posting losses for the eighth consecutive week, EUR/USD started the new week in a calm manner and went into a consolidation phase at around mid-
index futures trade in positive territory. A bullish opening in Wall Street could make it difficult for the US Dollar to find demand in the absence of fundamental catalysts. will announce its interest rate decision and unveil the updated Summary of Economic Projections on Wednesday.EUR/USD was last seen trading near the mid-point of the descending regression channel at 1.0660. If the pair manages to stabilize above that level, the upper limit of the channel at 1.
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