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    EUR/USD struggles as US Dollar remains firm with US inflation in focus

    Author AvatarBy Patrick Butler No Comments 11 Mins Read
    • EUR/USD faces pressure in extending recovery above 1.0270 as the US Dollar rebounds.
    • President-elect Donald Trump’s policies are expected to boost US inflation and growth.
    • ECB’s Rehn sees monetary policy restrictions concluding by mid-summer.

    EUR/USD holds Monday’s recovery move in Tuesday’s North American session but struggles to extend its upside above the immediate resistance of 1.0270. The major currency pair struggles to recover further as the US Dollar rebounds after a slight corrective move, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rising above 109.60 as the strong near-term trend in the US Dollar

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    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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