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Forex

EUR/USD Surges to Three-Month Highs Amid Dollar Weakness

Guavy AI Editorial Team
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EUR USD
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The EUR/USD currency pair has extended its gains to fresh three-month highs, reaching levels above 1.1690 on Friday.

This increase comes despite a mixed performance from other dollar pairs, with the greenback holding slight gains against the yen and franc.

The break through the 200-day moving average has shifted technical momentum in favor of buyers, who are not yet showing signs of relenting as the pair nears a test of 1.1700.

However, caution is warranted as the US Treasury announcement's impact may be short-lived, potentially limiting any further extensions to the move from yesterday.

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