EUR/USD Forecast: Euro Gives up Early Gain yet Again

The EUR/USD initially rallied on Thursday provide struggled to stay above the parity level.At the end of the day, we ended up forming a bit of an inverted hammer, which suggests that perhaps we are going to continue to see downward pressure.However, Friday is a bit of an outlier at this point, due to the fact that Jerome Powell is speaking at the Jackson Hole Symposium, and the whole world is trying to see whether or not the Federal Reserve is going to continue being hawkish going forward.

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