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Thursday, June 22nd The EUR/USD pair is trading with a bullish bias this Thursday, keeping its positions in the region of 1.1170, as the US dollar has not been in demand lately. However, seems that the pair lost its upside in early Europe amid minor attempts of the buck to recover part of its losses. Even so, pair’s weakness expectedly will not last long, as ongoing sell-off of the oil has ignited some worries of the US inflation slowdown, which in turn will continue to keep bearish tone around the US dollar. Later today, there is very little on the cards in terms of fundamentals from the economic calendar, so the pair will continue to track the USD dynamics, while sharp moves in the EUR/GBP cross, especially in view of today’s EU summit, will also be able to bring some directional impetus to the pair in the day ahead.
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