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Back Fundamental analysis
EUR/USD Trapped in a Range: The Pair Trades Within a Narrow Price Range
For the third consecutive week, EUR/USD
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For the third consecutive week, EUR/USD has been testing the 1.0500 level, but it continues to struggle to consolidate above this target. A conflicting fundamental backdrop is preventing buyers from establishing an upward trend, while sellers, though not particularly aggressive, are consistently dampening bullish impulses. The 1.0530 resistance level, which corresponds with the upper line of the Bollinger Bands indicator on the daily timeframe, serves as a significant price barrier. Each time the pair approaches this level, price growth slows
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Irina Manzenko,
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