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EUR/USD continues to regain lost ground
EUR/USD has been regaining ground since Wednesday’s sell-off fueled by the Federal Reserve (Fed). Crucially, we did not see a break below the $1.1837 mark, thus lessening the chances of a widespread sell-off.
As we move higher, the key hurdle to overcome is $1.2034, which would signal a continuation of the uptrend over recent months. Watch out for near-term resistance at $1.1995.