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December 5, 2024

EUR/USD Expected to Trade Between 1.0430 and 1.0580

The Euro (EUR) is anticipated to continue its range trading, with forecasts suggesting a movement between 1.0430 and 1.0580 in the near term. According to analysts at UOB Group, a tighter range of 1.0480/1.0550 is also likely to develop within this broader trajectory. Traders should prepare for potential market variances that could arise from economic data and geopolitical developments, as these factors will heavily impact the Euro’s performance. Those invested in or watching the Euro should adapt their strategies according to these anticipated conditions.

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