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EUR/USD – Smart Money Analysis: Traders Show Limited Confidence in an Iran-U.S. Deal
The EUR/USD pair reversed in favor
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The EUR/USD pair reversed in favor of the U.S. dollar, broke through bullish imbalance 14, and reacted to imbalance 13. The euro's decline last week was notably sharp and unexpected. It cannot be called groundless, but it began too suddenly and sharply. I do not dispute that the failure of negotiations between Iran and the United States is a valid reason for renewed demand for the dollar. However, this is not the first time Tehran and Washington have failed to
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Samir Klishi,
Analytical expert of InstaForex
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