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Analysis

EUR/USD gains value ahead of the CPI – Located at around the 1.0760 level

EUR/USD

Looking at EURUSD’s chart, we can see that the FX pair gained value ahead of the CPI announcement. Currently it is traded slightly below its resistance level which is located at around $1.0760.

Today it is expected to be traded at a short range between $1.0730 and $1.0765 until the CPI announcement which will define the direction of the pair.

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