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EUR/USD Technical Analysis: Bears Preparing for a Stronger Move
The increase in European Coronavirus infections weakened the attempts of the EUR/USD to correct its highest, as its gains during last week’s trading did not exceed the 1.1875 level. The lowest was 1.1771 during the same week, before closing trading stable around the 1.1805 level, amid a stronger control of the bears on the performance. In light of the growing concern, European countries are seeking to intensify vaccination campaigns, using the carrot and stick approach to convince the hesitant to get their doses because the more transmissible delta alternative leads to an increase in infection. Greece became the ... (full story)
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