EUR/USD supported at 1.0857, bullish engulfing channel

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Summary

It’s Monday May 15th, My name is Kiana Danial, CEO of Invest Diva and here is your forex report. The USD dropped massively on Friday against its major counterparts as the disappointing CPI and retail sales report reduced odds for a June rate hike from around 83% to just 78.5%, according to the CME Group’s FedWatch Tool.

 


 

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