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EURUSD

EURUSD
EURUSD
On the first trading day of the week, investors in the parity are pricing in weak signals regarding the European economy alongside resurgent geopolitical risks in the Middle East. Factory orders in Germany coming in below expectations increased question marks regarding the Eurozone growth outlook, while growth data from Japan presented a balanced picture concerning the global economy. Meanwhile, the mutual attacks restarting between Israel and Iran over the weekend are suppressing risk appetite by increasing safe-haven demand in the markets. Within this framework, although short-term gains are observed in the parity, the pressured and flat-to-negative pricing is expected to be maintained in the general outlook.
Support
1,1457 – 1,1442
Resistance
1,1551 – 1,1564

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