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EUR/USD trading lower within Monday range - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that EUR/USD saw some pressure at the opening of the US session stemming from falling stocks.

Key quotes

"The 1 hour chart shows price below its 20 SMA now around 1.2625, while indicators aim higher below their midlines."

"In the 4 hours chart technical readings present a neutral tone, with price a few pips above its 20 SMA and indicators around their midlines."

"Being earning season and with just minor data to be release in the US, the forex board will again depend on stocks’ movements, with the dollar following indexes either up or down."

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