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The H4 chart of EUR/USD:
The euro tumbled post-US inflation.
Consumer prices in the United States grew by 0.1% compared to the expectations of a 0.2% drop.
Core inflation accelerated by 0.6%, above the market forecast of a 0.4% rise.
Although the increases are insignificant, the Federal Reserve is unlikely to slow down the pace of rate hikes.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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