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Monday, April 25th
EUR/USD feels positive at the start of this week, bouncing of the lowest level in the last three weeks. Now pair consolidating in the mid-1.1200s, posting daily tops so far and recovering some ground after last week’s sell-off. Ahead in the session, the German IFO indicator is next on tap, with market consensus expecting a generalized albeit slight improvement during the current month. Moving forward, a very interesting calendar will put the greenback in center stage, with the FOMC meeting being the salient event on Wednesday. At the moment pair is trading at 1.1244, with todays support and resistance levels located at 1.1147 and 1.1295.
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