- EUR/USD consolidates its recent gains to over a two-week high touched on Wednesday.
- The USD stalls its recent decline near the 200-day SMA support and acts as a headwind.
- The downside seems cushioned as traders await the release of the US PCE Price Index.
The EUR/USD pair oscillates in a narrow trading band through the Asian session on Thursday and consolidates its recent gains to a two-and-half-week high touched the previous day. Spot prices currently trade below mid-1.0900s and remain at the mercy of the US Dollar (USD) price dynamics.
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