EUR/USD Price Analysis: Pullback meets sellers near 20-DEMA

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• EUR/USD falls back from 20-DEMA as the risk-aversion theme strengthens.
• The US Dollar appeal improves due to some increment in the odds of one more interest rate increase from the Fed.
• The ECB is expected to maintain interest rates steady at 4.5% to avoid a slowdown.

The EUR/USD pair retreats after a short-lived pullback move to near the 1.0550 in the European session. The major currency pair faced an intense sell-off as the appeal for the US Dollar improved amid deepening Middle East tensions and some increment in expectations of one more interest rate increase from the Federal Reserve (Fed) by the year-end.