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EUR/USD Inches Higher Ahead of Local Data

Fri, Jun 16 2017, 08:44 GMT

by FxGrow.com

FxGrow Daily Technical Analysis – 16th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Inches Higher Ahead of Local Data


EUR/USD lost 96-pips value yesterday after plunging to 1.1132. Still the pair pressured by recovering U.S Dollar with 97.54 June record after hawkish FOMC meeting on Wednesday. Currently the pair is trading 1.1156 intraday, still below its 20-EMA at 1.1170. Overall, signs of bearish momentum revolves for EUR/USD taking into consideration boosted U.S Dollar with June hike, but EURO awaits local data shortly, which can give some solid ground to re-climb the 1.1200 again, still market has to see how ...

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Published on Fri, Jun 16 2017, 08:44 GMT

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