EURUSD Technical Analysis – The pair looks to be bottoming out ...Middle East

Fundamental OverviewThe strong bullish momentum in the US Dollar waned a bit in this final part of the week as we got a pullback in Treasury yields. In fact, the main culprit for the US Dollar strength lately has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a good argument that this rally was a reflection of higher Trump’s winning odds.On the EUR side, the ECB cut interest rates by 25 bps as expected at the last policy decision but didn’t offer anything new in terms of forward guidance as the central bank remains data dependent and it’s not pre-com

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