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The Euro’s appeal has diminished due to expectations of ECB rate cuts, fueled by softer economic data and dovish policymaker comments. The US Dollar is gaining strength amid Middle East tensions, potentially attracting safe-haven flows. EUR/USD has formed a double top pattern at 1.1200 and is facing immediate support at 1.1000. The Euro has lost […]

The post EUR/USD Update – Euro Vulnerable on Rate Cut Bets and Safe Haven Flows appeared first on Action Forex.

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12/06/2024

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