$EURUSD Forex Signal: Bearish Forecast as Sell-Off Intensifies
The pair dropped to a low of 1.0705, the lowest level since March 21st. This means that the euro has erased over 3.3% from its highest level this year.The biggest catalyst for the EUR/USD pair was the debt ceiling deal between Democrats and Republicans during the weekend. In separate statements, President Joe Biden and Speaker McCarthy said that they were hopeful that Congress will pass the new deal.
The forex market will see thin volumes on Monday since the US and UK markets will be closed for holidays.
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