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EUR/USD still holding $1.15
Monday’s dip into the support zone around $1.15 brought out the buyers, so a push for EUR/USD towards descending resistance around $1.17 may not come into play.
Beyond this, the $1.18 and $1.1852 levels are areas of possible resistance. We continue to wait to see if the price can break through the zone of support that has persisted since the end of May, which would likely signal a continuation of the declines from mid-April.