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May 31th, European session

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@notesfortrader
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In trading in Europe, major currencies are trading in positive territory in limited ranges. The Aussie and New Zealander posted the largest gains against the US dollar against Friday's close.

Despite stronger inflation data from the US, investors are confident that the Fed will maintain a loose monetary policy for a longer period. J. Powell has said more than once that the Fed will not abandon stimulus measures in the event of a temporary surge in inflation.

EUR / USD is trading in the 1.22 region as markets in the US and UK are closed for the holidays. Low liquidity could hold back traders from activity until Tuesday. Resistance is the level 1.2215. After it, buyers will find the way to the level of 1.2255.

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