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EUR/USD regains ground after German deal
EUR/USD is regaining ground following a deal between the German Christian Democratic Union (CDU) and Christian Social Union (CSU) parties, which allayed much of the fear surrounding Angela Merkel’s future.
Ultimately, the trajectory of this pair will be set by watching for a break below the $1.1510 (bearish), or above $1.1721 (bullish). Watch for near-term resistance at the 200-simple moving average (SMA), 4 hour, and the $1.1675 level.
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