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EUR/USD Records Pullback Amid US Economic Data

On Friday, the EUR/USD currency pair experienced a two-day reversal last week, moving closer to 1.0850. This was primarily due to a negative shift in risk sentiment and expectations of profit-taking before the weekend. Support for the US Dollar was strengthened by positive US macroeconomic data released on Thursday. The US Commerce Department reported an […]

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EUR/USD Snaps Nine-Month Peak Following US CPI Release

On Thursday, the EUR/USD currency pair saw an acceleration in its upside, reaching levels last seen in late April 2022, above the 1.0830 mark. This increase is due to a combination of factors, including increased selling pressure on the dollar, which was particularly exacerbated following the release of US inflation figures for December. The US […]

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EURUSD Price Is Consolidating Around $1.06 Resistance Level

Low bullish momentum in EURUSD market EURUSD Price Analysis – 26 December The resistance levels of $1.06 may be broken, and the price may then go on to those of $1.07 and $1.08. If the Bulls are unable to overcome the $1.06 resistance level, EURUSD may drop to the $1.04, $1.03, and $1.02 support levels. […]

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