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EUR/USD – Smart Money Analysis: Is the Euro Beginning to Recover?
EUR/USD had been declining for 18
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EUR/USD had been declining for 18 consecutive days, apart from several minor pauses. During this period, the European currency lost 470 points. The decline in the European currency began a month ago as the market prepared for an FOMC rate hike. Since then, the market has continued to buy the dollar, using any formal justification available. In market terminology, such movements are referred to as "order flow," meaning the flow of orders. Typically, large market participants build up an order
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