The EUR/USD pair gains some positive traction during the Asian session on Tuesday and remains well within the striking distance of last week's swing h
EUR/USD attracts some buyers on Tuesday and draws support from a modest USD downtick. Retreating US bond yields and a positive risk tone seem to undermine the safe-haven buck. Traders might prefer to wait for this week’s key releases – the FOMC minutes and the US CPI. igh. Spot prices currently trade around the 1.0575-1.05780 region, up just over 0.15% for the day, and draw support from a softer tone surrounding the US Dollar .
This, in turn, warrants some caution for aggressive bullish traders and positioning for any further appreciating move. Even from a technical perspective, the recent downfall witnessed over the past three months or so, from a 17-month top touched in July, has been along a downward-sloping channel.
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