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The EUR/USD could have done better-check it out this morning

On Friday the EUR/USD spiked above 1.08 immediately after the release of the April US jobs report. The high seen was set at 1.0813, which means it busted above both its 50 and 200 day moving averages, in place just below the 1.08 handle. However, despite rising above those price points, it could not sustain the move and fell back towards 1.0750. The Euro later closed the week in the US at 1.0761. The range seen so far today has been pretty tight and covered by 1.0751 to 1.0775. The 50 and 200 day moving average are pretty much unchanged this morning too, currently at 1.0794 and 1.0797 respectively. It is arguable that the Euro could have and should have done better on Friday and that looks like an overhang that is still in place this morning. The EUR/USD is currently trading at 1.0762
 

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