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US Dollar Forecast: EUR/USD Stalls Ahead of January High
EUR/USD holds within the broad range from the first half of the year as the recent rally in the exchange rate seems to have stalled ahead of the January high (1.1046). EUR/USD snaps the series of higher highs and lows from last week as it gives back the advance following the US Non-Farm Payrolls (NFP) report, and the rally from the monthly low (1.0778) may continue to unravel as the pullback in the exchange rate keeps the Relative Strength Index (RSI) below overbought territory. However, EUR/USD may extend the advance from earlier this month should it continue to hold above the July low (1.0710). chart The opening ... (full story)