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EURUSD: Intraday Analysis update & Forecast

The dollar remained steady against major peers on Tuesday, after a pause in its rally following a slight dovish shift in Federal Reserve officials’ tone. Moves in the Asia session were small as traders waited on further Fed appearances later in the day, Fed minutes on Wednesday and U.S. inflation data on Thursday for more guidance on the trend in interest rates. Last week’s hot U.S. jobs data and a Palestinian militants’ weekend attack on Israel had put the dollar higher until comments from two Fed officials on Monday noted recent rises in long-term yields might negate the need for further hikes.

Intraday Analysis | 1H Chart |

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