EURUSD: Trading high above the psychological level of 1.0800

EUR/USD lingered near familiar levels during a subdued Wednesday trading session. Discussions from Federal Reserve officials dominated headlines but offered little new insight for investors, limiting risk appetite and resulting in bids closing close to the EUR/USD opening price around 1.0853.

From a technical standpoint, the daily chart for the EUR/USD pair shows that it is comfortably positioned above all its moving averages, with the 34 and 89 simple moving averages (EMAs) flattening below, signaling positive momentum for potential further increases.

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