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Euro Gives Back Modest Gains, Sideways Range Continues

Posted On 23 Apr 2020
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eurusd

The euro is trading weaker on the day, giving up some of the gains from the previous session.

This comes as the US dollar index is posting gains for the third consecutive session.

But EURUSD price action remains muted. So far, prices are range-bound, meaning that unless we see a breakout lower, the common currency could be caught within the 1.10950 and 1.0787 levels.

About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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