As USD is seen gaining ground, EUR/USD is hovering closer to 1.1750. On the data front – German GDP missed with a fall of 10.1% in Q2 while inflation dropped 0.1% - both data fared below estimate. The pair is seen trading above the 50, 100 and 200 SMAs – and is setting higher highs and higher lows – indicating a bullish trend.
Mary Grace
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