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Tag: ECB Rate Hike

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EUR USD breaks above the 1.4280 major resistance line and reached the 1.4315 high so far. Intraday bias remains on the upside, as long as the 1.4020 minor support line is not broken. On the upside, since the 1.4280 major resistance line has been broken it indicates that bullish sentiment is strong and will target the 1.4577 major resistance line next.

While the US and most of Asia struggle to put the inflation geenie back in the bottle, David Stevenson in Money Week heaps praise on European Central Bank president Jean-Claude Trichet, who is fast becoming the hero of inflation fighters everywhere…

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