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EUR/USD. Analysis and Forecast
Today, Tuesday, the EUR/USD pair is
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Today, Tuesday, the EUR/USD pair is under selling pressure for the second day in a row, trading near the confluence of three moving averages around 1.1850, above the psychological level of 1.1800. However, the overall fundamental backdrop calls for caution from sellers before opening short positions.The U.S. Dollar Index (DXY), which reflects the dollar's performance against a basket of currencies, is maintaining the previous day's moderate gains, trading above the 97.00 level and continuing to pressure EUR/USD.The single currency is
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Irina Yanina,
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