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EUR/USD stalls at 1.0911 for the time being
Very late on Friday evening the EUR/USD tried again to surpass the earlier session high at 1.0911. However, it stalled exactly there again ahead of the weekend and closed out the week at 1.0907. Nevertheless, that was still a positive daily and weekly close for the Euro. It has not made any further progress so far today yet though. The high see earlier was set at 1.0905. It has dropped back to a low so far at 1.0882. Overall the immediate trend remains positive ahead of the ECB monetary policy decision this week (Thursday 12.15pm GMT). The high set on June 4, at 1.0916 appears to be the next technical hurdle on the topside. The current 2024 high, at 1.1046 is also some way off still and remains to be seen, if the current positive momentum can be sustained to challenge that on this current wave higher. The EUR/USD is just now trading at 1.0895
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