DislikedEUR/USD advanced to 1.0740 following the release of US GDP Q1 results, which indicated a slowing US economy. However, profit taking and selling orders pushed it down to 1.0680 support before consolidating above 1.0700. Tomorrow's release of the US PCE numbers is likely to impact EUR/USD's price action. If the data indicates sticky prices, it could support a more hawkish stance from the Federal Reserve at their next meeting, potentially exerting downward pressure on EUR/USD. However, a significant miss below estimates might cause the pair to rise...Ignored
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