Despite the holiday mood, market price action suggests that the EUR may be struggling from a technical point of view: "EUR/USD is poised to close out the week unchanged and well off the inter-week highs for the second week running even with the underlying trend higher still strongly entrenched", wrote analysts Shaun Osborne and Greg Moore, predicting a couple of big figures' worth of corrective price action in store for the EUR/USD in the next 2-4 weeks.
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