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EURUSD: Intraday Analysis & Setup update

The dollar stayed near a two-week high on Wednesday after jumping the previous day, its rally underpinned by elevated U.S. Treasury yields and a cautious turn that weighed on Wall Street.

Trading was relatively subdued, with Japanese markets shut for a holiday and investors waiting for important U.S. economic releases later in the day, including minutes from the Federal Reserve’s December meeting.

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