EUR/USD: Retreating From Critical Resistance, But Bullish
The EUR/USD pair advanced up to 1.0718 during the European morning, as risk aversion kept the greenback under pressure ever since the day started. The German ZEW survey showed that economic sentiment continued to improve in January, buy by less than expected, up to 16.6 from previous 13.8. For the whole region, sentiment also improved, with the survey reaching 23.2, above previous 18.1, but below the 24.2 expected.
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