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EUR/USD Analysis and Forecast - June 4: Strong U.S. Data Supports the Dollar
EUR/USD continued its decline on Wednesday
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EUR/USD continued its decline on Wednesday after consolidating below the 50.0% Fibonacci retracement level at 1.1630, moving toward the next Fibonacci level of 61.8% at 1.1578. The bullish trend has only recently begun to emerge, but it could be invalidated at any moment. The U.S. dollar is strengthening once again, as daily developments in the Middle East continue to contradict Donald Trump's promises of a swift peace agreement and the reopening of the Strait of Hormuz. A close above the
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Samir Klishi,
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