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EUR/USD Price Analysis: Shallow Recovery, Biden’s Ban to Add Pain

EUR/USD Price Analysis: Shallow Recovery, Biden’s Ban to Add Pain

From 1.0820, EUR/USD rallied in what looked like a dead blip since there was no fundamental catalyst.

DXY fell below 99.00 amid uncertainty over US inflation data.

The ECB and the jobs report are among the events this week in the Eurozone

The EUR/USD price analysis has been largely bearish despite the recent recovery from the lows. The outlook is negative below the 1.1000 mark.– Are you interested in learning more about copy trading platforms ? Check our detailed guide- From Monday’s nine-month low of 1.0820, the EUR/USD price has made a superficial recovery. The global economy hasn’t changed fundamentally to support the recovery. In this phase, choosing a topic related to risk aversion would be ideal. According to Bloomberg, the oil situation is deteriorating as US President Joe Biden is considering blocking US imports of Russian oil without the involvement of European allies. Ban on […]

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