The EUR/USD pair oscillates in a narrow trading band through the Asian session on Thursday and consolidates its recent gains to a two-and-half-week hi
The USD stalls its recent decline near the 200-day SMA support and acts as a headwind.The EUR/USD pair
The USD Index , which tracks the Greenback against a basket of currencies, finds some support near the very important 200-day Simple Moving Average and for now, seems to have stalled its recent pullback from a nearly three-month high. This, in turn, is seen as a key factor acting as a tailwind for the EUR/USD pair, though expectations that the Federal Reserve will pause its rate-hiking cycle should keep a lid on any meaningful upside for the buck and help limit the downside.
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