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Forex

Euro Faces Downside Pressure Ahead of 1.14 Amid Dollar Index Strength

Guavy AI Editorial Team
Instruments
EUR USD JPY
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The US Dollar index appears to be strong in the near term, which could push the Euro down towards 1.14 or lower.

The USDJPY and EURJPY currency pairs are looking bullish, while the EURINR may decline towards 109.

The Aussie looks set to rise towards 0.72/73, while the Pound is seen as weak, potentially falling towards 1.33/32.

In contrast, the USDINR has room to continue rising but could initially dip to 95.50 before reversing direction.

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