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EUR/USD approaching session highs leading into the 4pm London fix
Well, the technical break above 1.0350 in the EUR/USD has now extended and the Euro has just lifted to 1.0385 leading into the 4pm London Fix. It might be a case of this one topping out right on that event today? We shall see on that, but right now there is no guarantee that will be the case. There must have been quite a few stop/reversals that kicked in when the Euro lifted above that 1.0350 price point. That demand has led the price to where it is right now. Higher US stocks and relatively poor US data have also played a role in that, in addition to a lack of any fresh news on the tariff front. So, it will be interesting to see, if the EUR/USD does top out in a couple of minutes from now, when the clock strikes 4pm here in London. The EUR/USD is right now at 1.0380
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