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Back Fundamental analysis
EUR/USD. In the Grip of a Sideways Trend
The euro-dollar pair continues to trade
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The euro-dollar pair continues to trade in a narrow price range, responding impulsively to the current flow of information. However, neither buyers nor sellers of EUR/USD can turn the situation to their advantage. The dollar cannot find support amid conflicting macroeconomic signals (weak GDP growth against a backdrop of rising core PCE), while the euro is in "disgrace" amid heightened risk-averse sentiment amid ongoing tensions between the U.S. and Iran. As a result, the pair has found itself "in the
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Irina Manzenko,
Analytical expert of InstaForex
© 2007-2026
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Irina Manzenko
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