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EUR/USD Price Analysis: Bulls keep reins above 1.0220 support confluence
EUR/USD remains sidelined around 1.0260 after a softer end to the positive week, amid cautious sentiment ahead of Wednesday’s Federal Open Market Committee (FOMC) Minutes. The major currency pair’s latest moves are clubbed between the 1.0220 support and the 1.0315 resistance levels. That said, a convergence of the 21-DMA and a one-month-old ascending trend line restricts the immediate downside. On the contrary, the 50-DMA and Descending resistance line from late May questions the EUR/USD bulls. It’s worth noting that the bullish MACD signals and the firmer RSI (14) line, not overbought, appear to keep the ... (full story)