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EUR/USD Forecast: Euro looks to end the week on a bullish note

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EUR/USD preserves its bullish momentum after closing in positive territory on Thursday and trades at its highest level since April 11 at around 1.0750.

EUR/USD trades at fresh two-week high near 1.0750. Improving risk mood could help the pair stretch higher ahead of the weekend. The US economic docket will feature PCE inflation data for March. EUR/USDpreserves its bullish momentum after closing in positive territory on Thursday and trades at its highest level since April 11 at around 1.0750.

In case risk flows continue to dominate the financial markets in the American session, the USD could have a hard time finding demand. The BEA will publish the Personal Consumption Expenditures Price Index data for March later in the day. The GDP report on Thursday showed that the PCE Price Index rose 3.4% on a quarterly basis in the first quarter, compared to the 1.8% increase recorded in the last quarter of 2023.

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