EUR/USD: Recovery Struggles at Parity Level

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EUR/USD: Recovery Struggles at Parity Level

Recovery attempts after Tuesday's 1.5% drop, cracked parity barrier (reinforced by 20DMA), but so far lack momentum for stronger recovery. Headwinds from parity zone, accompanied with bearishly aligned daily studies, warn of recovery stall, which would be additionally signaled by repeated close below this level, as Tuesday's long bearish daily candle weighs heavily. On the […]

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