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    Market analysis EUR/USD advances towards 1.2200 amid US dollar weakness

    Related product:Forex
    Market analysis:The EUR/USD pair bounced from the mentioned low and trades in the 1.2140 region, little changed for a second consecutive day. The near-term picture is neutral, as the pair is trading between moving averages and within the familiar levels, as technical indicators hover around their midline, without clear directional strength. The downside is limited by the 38.2% retracement of the November/January rally at around 1.2060, while on the upside, sellers remain aligned in the 1.2170/80 price zone.

    Support levels: 1.2100 1.2060 1.2015

    Resistance levels: 1.2175 1.2210 1.2250

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