The $EURUSD pair is under pressure as European and American bonds continued having a sell-off.
Buy the EUR/USD pair and set a take-profit at 1.0600.Set a sell-stop at 1.0445 and a take-profit at 1.0385.retreated as the strength of the US dollar continued following last week’s Federal Reserve interest rate decision.GET STARTEDThe EUR/USD pair declined after the Fed decided to continue hiking interest rates in a bid to fight inflation. The bank decided to hike interest rates by 0.75%, the highest increase in almost 30 years.
The EUR/USD is also retreating as investors react to the challenges facing the European economy. Last week, Russia decided to slash the flow of natural gas to some European countries like France and Italy. And now, Germany is making contigency measures to deal with a potential supply cut.
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