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November 11, 2024

EUR/USD comes under pressure ahead of Fed speakers, US inflation

EUR/USD trades cautiously near more than four-month low around 1.0700 in Monday’s European session. The major currency pair remains on tenterhooks as the election of Republican Donald Trump as US President has strengthened the US Dollar’s (USD) outlook in the long run.

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Technical Analysis – EURUSD creates negative gap near 1.0700

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