EUR/USD Holds Steady at 1.0700 Level with Positive IFO Data
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro.
On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday. Additionally, the Relative Strength Index (RSI) consistently stays above 50.
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