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Forex

EUR/USD Bounces off 1.1500 Amid US-Iran Diplomacy

Guavy AI Editorial Team
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EUR USD
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The EUR/USD pair is trading in positive territory near 1.1535 on Monday morning, thanks to improved risk sentiment following US President Donald Trump's call-off of an attack on Iran and talks between the two sides.

This development has bolstered the Euro (EUR) against the US Dollar (USD), but analysts at Scotiabank note that the support is short-lived as broader themes take hold.

The pair remains constrained below its 100-day Simple Moving Average (SMA) at 1.1569, keeping the broader tone heavy despite the latest bounce.

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