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EURUSD

EUR/USD: The Pair Continues to Trade Positive Despite Serious Blow

July 31, 2020
EURUSD Hourly (H1) Chart
EURUSD Hourly (H1) Chart

EUR/USD: The pair continues to trade positive despite serious blow from disappointing EU & German macro data. The rally driven by USD weakness pushed the price above 1.18 handle, but lack of EURO’s strength resulted in gains being capped below 1.1835. Traders now await US data for short term profit opportunities, but Euro is unlikely to post sharp gains or decline below 1.18 mark during American trading hours today. 

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