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EUR/USD finds buyers at 1.09 as US CPI dust settles

The whole series of immediate sharp moves across the markets to the slightly higher than forecast US CPI data did see the Dollar initially fly. The EUR/USD slid to a session low at 1.0904, but it then rebounded almost as fast and rebounded swiftly back above 1.0940. The question now; is that that initial slide caught some players off-side? Well, it does seem that why right now, as the true impact of this data seems to settle in. It really was not that hot, assuming we take a mere 0.1% increase as nothing outside of the norm? It looks like we might be in for some trappy price-action this afternoon, especially on the Yen crosses right now. The EUR/USD is currently trading at 1.0940 

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