EURUSD decline

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EURUSD declineEuro / US DollarEIGHTCAP:EURUSDForexTrendlineThe USD continues to strengthen following yesterday’s comments from the Fed. Inflation remains elevated, and the economic impact of the war is still uncertain. This suggests that interest rates are unlikely to be reduced at this stage, keeping the USD strong. The next support levels are 1,1396 and 1,1357. Watch for price reactions at these levels and avoid rushing into entries.