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Dollar in a spot of bother-check out the EUR/USD right now
The dollar is looking rather vulnerable and as you can see it has weakened versus all its major counterparts since this time yesterday morning. The GBP/USD and EUR/USD are on, or very close to session highs right now. The EUR/USD chart dynamic seems suggestive of a further push higher and that could take it back closer to the highs it reached on January 27, when it topped out at 1.0533. That and the 1.05 handle look like the next levels high on the radar now today. This might change, but it looks like it will take something special right now to send the Euro tumbling back down and the risk looks more skewed to the upside as things stand this morning. The EUR/USD closed in the US last night at 1.0465. The range seen so far today has been covered by 1.0447 to 1.0472. It is trading right now at 1.0471
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