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June, 24 - EUR/USD loses further the grip and slips back

EURUSD24Following Tuesday’s uptick to the mid-1.1300s, EUR/USD is now fading part of those gains and recedes to the 1.1270 region, or fresh daily lows on Wednesday.

EUR/USD managed to advance to weekly tops in the mid-1.1300s on Tuesday on the back of positive data releases in the euro area, hopes of a strong economic recovery and generalized weakness surrounding the greenback.

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