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EUR/USD edges lower again despite EUR/GBP gains

I said earlier today that I felt the modus operandi for the EUR/USD would see players sell this ahead of the resistance at 1.0673 and so far this seems to have been the case. The EUR/USD stalled earlier at 1.0665 as was noted here too. It has now dropped back below 1.0640. Of course the drop in the GBP/USD has helped to deliver that, notwithstanding further gains in the EUR/GBP. The price action in the EUR/USD is also being weighed on by further topside in the USD index (USDX). I will provide more detail on that in an update to follow shortly. Meanwhile, the EUR/USD is just now trading at 1.0639
 

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