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December 23, 2024

EUR/USD Tests Key Technical Levels Amid Lack of Bullish Momentum

EUR/USD extends its gains for the third consecutive day, trading around 1.0440 during the Asian trading hours. Despite this, a bearish bias persists as the pair remains in a descending channel pattern. Traders are focused on analyzing this technical setup, considering potential points of reversal or acceleration. Observing how the pair interacts with these levels will be crucial in determining future movements as economic conditions evolve.

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