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EUR/USD edging higher so far today
The EUR/USD hit a session low yesterday at 1.0761. As noted, that low was just south of a technical support level, at 1.0772. The slight rebound into the US close, saw the Euro end that session at 1.0782. So far today it has managed to press a little higher, but it is yet to reclaim the 1.0800 handle. The modest push higher comes as US yields edge a little lower. The range seen so far today has been covered by 1.0779 to 1.0794. The fall back in the USD/JPY so far today has been a major driver behind this modest recovery in the EUR/USD. So, once again the Yen has the car keys it seems and that has been the case for quite a while now. There might be more to add as the morning unfolds, but so far this current range and moves seen in the EUR/USD is hardly conclusive to very much at this stage. The EUR/USD is currently trading at 1.0790
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