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April 29, 2025

EUR/USD Faces Pressure After Recent Highs

The Euro has drifted lower following its rise to a three-year high of 1.1570 last week. Recent easing of tariff concerns has somewhat slowed the decline of the US Dollar, impacting the pace of the Euro’s rally. Traders are urged to observe current price action closely, as these fluctuations reflect broader market sentiment. The effects of external factors on currency movements underscore the interconnectedness of global economic events. Monitoring upcoming developments will be essential for traders.

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