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Well, today, on December 5, 2022, we want to analyze the Euro-Dollar currency pair from the daily time frame. The Euro has witnessed a good growth during the last month, which was caused by reasons such as the American economic news and the change in the perspective of the Federal Reserve.
The euro is now trading above the psychological and key range of 1.05 and is close to its weekly resistance. It is expected that this resistance level will have an impact in lower times than the daily one and for a while, the euro will enter its price correction phase. Also, the news and The upcoming economic data this week will have a big contribution to the price movement of the euro.
