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January 22, 2025

EURUSD Bulls Eye Key Resistance as 50-DMA Approaches

The Euro continues to hold its recent gains as market fears regarding universal tariffs are now less significant. As of now, the EURUSD trades at approximately 1.0421 levels. Analysts from OCBC, Frances Cheung and Christopher Wong, highlight that to maintain bullish momentum, EURUSD must decisively break above the 50-day moving average. A sustained rally could attract more buyers, and traders should prepare for potential volatility around this key resistance level.

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