EUR/USD Retreats From Highs, Can It Bounce Back?

Key Highlights The Euro failed to gain momentum above 1.1350 and trimmed most gains against the US Dollar. EUR/USD traded below a connecting bullish trend line with support near 1.1280 on the 4-hours chart.The US Industrial Production in May 2019 increased 0.4% (MoM), more than the +0.2% forecast.The NY Empire State Manufacturing Index in June 2019 could decline from 17.80 ...
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EURUSD – 1.0760 is a Pivot Zone

Key Highlights Euro surged higher recently against the US dollar, but the EURUSD pair was contained around 1.0840 by sellers. EURUSD has a major pivot area around 1.0750-60 area where buyers might take a stand to protect more losses in the near term. Today, the German business sentiment index will be released by the CESifo Group, which is expected to increase from 107.9...
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