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EUR/USD falling towards that 1.13 handle once more
As covered here in updates on Wednesday and Thursday, the EUR/USD had managed to find a base ahead of the 1.13 handle. The lows seen were set at 1.1308 and then at 1.1310. Since then the Euro rebounded yesterday. However, if you look closely at the chart of the price action you will see it stalled twice just ahead of the 1.14 handle yesterday and it has done the same again so far today. The high seen earlier today was set at 1.1394 and since then it has fallen back again and the low seen this morning has been set at 1.1316. So, as you can also see, it has come close to the prior interim lows, but held for the time being. As to whether that continues to remains to be seen. So, the lines of demarcation look pretty obvious right now- 1.13 and 1.14. Beyond that on the downside 1.1214 remains a key support. The EUR/USD is right now at 1.1330
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