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EUR/USD Pulls Back Towards 1.0950 After Flirting With 1.1000

From fxdailyreport.com

The EUR/USD currency pair pulled back late on Tuesday to trade at just above the 1.0950 level after the early morning rally had pushed it towards the key level at 1.1000.  The currency pair appears to be facing strong resistance just below the 1.1000 level, which ultimately brought an end to the most recent rally. The EUR/USD currency pair bounced off new multi-year lows of about 1.0880 after an extended period of declines that dates back to the middle of last month.  EUR/USD Fundamentals Overview From a fundamental perspective, the EUR/USD currency pair is trading at the back of a major miss in the US ... (full story)

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  • Category: Technical Analysis