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EUR/USD: Market Uncertainty Intensifies
By midday, the euro had still
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By midday, the euro had still not chosen a direction. It rose to nearly 1.1151 in the morning, then retraced. Closer to noon, sellers managed to push the pair down to a daily low near 1.1126, but they failed to hold it below that level, and the pair recovered to 1.1139. The market appears to be waiting for a clear signal, and the reason is obvious. The ECB meeting takes place today, and traders are reluctant to open large positions
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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