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EUR/USD below 1.0900 this morning
Yesterday evening the EUR/USD finally took out the 1.0900 level, when it dropped to a session low at 1.0888 around an hour ahead of the US stock market close. However, it later rebounded slightly into the close, ending the day at 1.0909. It has fallen back below 1.0900 again this morning though and it is not much above the lows seen yesterday evening. The diver for the move lower is stemming from downside in the EUR/GBP and the EUR/JPY, to a lesser degree this morning. As noted yesterday, the next potential support level is now close by and that is the 200 day moving average, still in place at 1.0874. The range seen so far today has been covered by 1.0892 to 1.0910. The EUR/USD is currently trading at 1.0893
Market News
All News-
Gold takes another hit
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Nasdaq 100 opens in the red
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US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
