EUR/USD cycles near 1.0900 as Fiber traders tread water – FXStreet

The EUR/USD pair is hovering near the 1.0900 level as traders in the Fiber market are holding steady. The market is currently in a state of uncertainty as traders are waiting for new developments. The pair has been moving in cycles around this level, with neither buyers nor sellers gaining a strong advantage. Traders are treading water, unsure of which direction the market will move next. The current situation is characterized by a lack of clear trends or momentum. Overall, the EUR/USD pair is experiencing a period of consolidation as traders wait for further market cues.

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