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EUR/USD Analysis Today 29/8: Profit Taking Selling (Chart)
(MENAFN- Daily Forex)
- With the bulls failing to push the EUR/USD pair beyond the resistance level of 1.1200, its highest in over a year, the pair has experienced profit-taking selling.
- It pushed it towards the 1.1105 support level and stabilizing around 1.1120 at the beginning of trading today, Thursday.
- This comes ahead of the release of a batch of US and Eurozone economic data that could alter the pair's current performance, either leading to further gains or continued selling.

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