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December 11, 2024

EUR/USD Faces Major Risks Ahead of ECB Decision

This week, the European data calendar lacks significant events. Investors are preparing for the primary focus of the week, which is the European Central Bank (ECB) decision on Thursday. Despite a historically strong seasonal bullish trend, the EUR/USD pair remains under selling pressure this month. Chris Turner from ING highlights that the market sentiment is currently bearish for the Euro against the US Dollar.

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