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The euro is trading mixed with price action in a holding pattern.

The main resistance level near 1.1897 is yet to be breached. As a result, we could expect the currency pair to hold steady within 1.1897 and 1.1714 levels in the short term.

The Stochastics oscillator is, however, showing an increase in the bullish momentum.

This could potentially signal the bias to the upside.

However, unless the 1.1897 level is breached, we do not expect any gains in the near term.

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