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EURUSD

EURUSD
EURUSD
On the final trading day of the week, pricing in the EUR/USD parity remains under the influence of data expectations from the European economy and the newly rising geopolitical tensions in the Middle East. The expectation of a monthly contraction in German inflation and the projected slowdown in the UK economy keep concerns regarding the Eurozone growth outlook alive. On the other hand, the renewed tension between the U.S. and Iran supports a cautious outlook in the markets. Within this framework, although upward attempts may be observed in the parity from time to time, the pressured and flat-to-negative trend is expected to continue in the general outlook.
Support
1,1561 – 1,1534
Resistance
1,1621 – 1,1648

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