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EUR/USD Price Analysis and Forecast: Euro Remains Above 1.1600
The EUR/USD pair has posted gains
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The EUR/USD pair has posted gains for three consecutive days this week and remains firmly above the psychological 1.1600 level. However, bulls remain cautious and are reluctant to take aggressive long positions ahead of the outcome of the two-day FOMC meeting.Optimism surrounding a potential peace agreement between the United States and Iran, which has yet to be formally signed, continues to keep the US dollar under pressure. This, in turn, serves as a key factor supporting the EUR/USD pair.The euro
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Irina Yanina,
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