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EUR/USD edging higher this morning
Now this might change, but for the time being the EUR/USD is edging higher in early trading this morning. The Euro held the 1.0900 handle on Tuesday and managed to do so again yesterday. The low on Tuesday was set at 1.0904 and the low yesterday was set at 1.0906. The EUR/USD closed last might at 1.0922. So, that is a clear, minor interim double bottom on the daily charts in place right now and that seems to have built a platform for the Euro to lift a little more today. Look, this is by no means a guaranteed base, but it is holding the downside for the time being and the EUR/USD has just now lifted to a session high at 1.0942. There are a good many moving parts still in place and it remains uncertain as to whether it can reclaim that 1.10 handle it gave up on all too easily on Monday.
Market News
All News-
Nasdaq 100 slides below 18,500
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Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
