EUR/USD remains on the defensive above the 1.0700 mark, US CPI, ECB rate decisions eyed

The EUR/USD pair struggles to gain following the choppy action on Friday. The major hovers around 1.0710 during the early Asian session on Monday. The
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GBP/USD struggles below 1.2500, 200-day SMA is the last line of defence for bulls

The GBP/USD pair opens with a modest bullish gap on the first day of a new week, albeit lacks any follow-through and remains below the 1.2500 psycholo
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