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EUR/USD Price Analysis and Forecast: Expectations of an ECB Rate Hike in June Provide Support for the Euro
The EUR/USD pair is struggling to
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The EUR/USD pair is struggling to build on the recent recovery from the 1.1585 support level seen over the two trading sessions ahead of the weekend. The pair is fluctuating between modest losses and slight gains. Current spot prices are trading around the 14-day EMA and remain relatively stable following the release of German retail sales data, which exceeded market expectations.Official data published by Destatis showed that German retail sales, a key indicator of consumer spending, declined by 0.3% in
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Irina Yanina,
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