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EUR/USD – Price Analysis and Forecast: Bulls Remain Cautious Ahead of the US Midterm Elections
On Tuesday, the EUR/USD currency pair
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On Tuesday, the EUR/USD currency pair continued to struggle to break above the 20-day SMA, which is located near the psychological level of 1.1200. Market participants are showing increased caution as they await the results of the US midterm elections, which could significantly affect the balance of power in Congress.Preliminary forecasts point to a likely Democratic majority in the House of Representatives. According to experts, an unexpected Republican victory could trigger a rally in US Treasury yields and, consequently, strengthen
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