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EUR/USD

Euro Pulls Back as USD Demand Strengthens on Rate Expectations


EUR/USD turned cautiously bearish after rallying on trade tensions earlier in the week. Sharp drop in US yields initially supported the Euro, but improving USD demand is emerging as markets front-run Fed cuts.


Key Levels: Support at 1.15523 | Resistance at 1.17524
Investor Takeaway: RSI at 66 converging with MA line trending down with flat MACD buying pressures; short-term pullback likely as USD regains footing.