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Trading the Trend: long EUR/USD

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EUR/USD remains in an uptrend but may retrace lower in the short-term around Thursday’s US inflation data.

Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 11 January 2023 

Since we are already short the US dollar with last week’s long AUD/USD trade, we would like to go long EUR/USD at lower levels ($1.0640) with a stop-loss at $1.0440 and an upside target at $1.1140.

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