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Forex

EUR/USD Consolidating

EUR/USD pair has been consolidating on the Ichimoku Daily Chart.

Mostly, thanks to the Swiss intervention of propping up the Euros.

I am not too sure how long this can last. For now, we have  a support at 1.1923 which can be broken easily.

Just about any bad news from Europe can send it down setting a new low again.

On the longer term, the other question to ask is when will the US Fed raise interest rates.

Surely, that will also be problematic for Euro as well.