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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The single currency is consolidating its gains against the greenback below the key resistance at 1.3400 at the beginning of the week, stabilizing around 10-month highs following last week's ECB statement.

Following the last CFTC COT report, Jane Foley, Senior Currency Strategist at Rabobank, commented, "EUR net positions backed away from the previous week's foray into positive territory. This move was in tune with the pullback in risk appetite early last week, which followed the interpretation of more hawkish than expected minutes from the December FOMC. This tone subsequently reversed and spot EURUSD has since strengthened".
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