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EUR/USD Daily Forecast - Euro Continues to Grind Sideways
EUR/USD has fallen into a range after hitting fresh three-week lows earlier in the week. The pair is trading in around support that held it higher in late October and catching a bit of a bid ahead of the US session on Thursday. After failing at 1.1175 resistance twice over the past few weeks, the currency pair is at risk of triggering a double top pattern. A sustained break below 1.1072 will offer a signal. The pair is not showing much volatility despite a boost in risk sentiment. The risk-on trade is seeing some renewed positive sentiment after China said that the first phase of a trade war deal with the US is close ... (full story)
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