EURUSD increased despite the USD recovery
EUR/USD is holding steady at 1.0600, losing ground amid a recovery in the US dollar despite dovish Fed expectations. Key focus is on US PPI inflation. The 4H chart shows an established uptrend with strong resistance at 1.0667. Break above this could push pair to new highs of 1.07185.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.