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EUR/USD eventually takes out buying interest at 1.0800

If you were watching the price action in the EUR/USD closely today you would have seen that which was commented on here earlier this morning. That was a significant buyer at 1.0800 or literally just one pip above. Well, eventually and despite clinging to that level for most of the morning, it has now given way and the breakdown there has delivered a small extension towards 1.0785 so far. Naturally, with the US economic data not far away now (12.30pm GMT), it is no surprise to see the Euro not slide too much, in case that data supports another relapse in the US dollar. The EUR/USD is currently trading at 1.0788 
 

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