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EUR/USD Analysis Today 02/12: Faces Downward Pressure
(MENAFN- Daily Forex)
- At the beginning of this week, the US dollar regained its recent losses following Trump's recent harsh threats and ahead of the start of trading for those who abandon the US dollar.
- As a result, the EUR/USD currency pair is stabilizing on a downward trend around the support level of 1.0515 after closing last week's trading at around 1.0575.
- We expect the downward momentum for the euro-dollar to persist until the reaction to the announcement of US jobs figures at the end of the week, which will have a strong reaction on the expectations for the future of US Federal Reserve policies.

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