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Further to the previous update, noting the gains in the dollar weighing on the equity space, it is worth mentioning the drop back in the EUR/USD that has just played out. Earlier the Euro rebounded to a high at 1.0965. It has just now fallen back to test its noted 21 day moving average (now at 1.0938). The low seen a moment ago was set at 1.0936. It is just above there now but this price point is a little sticky for the time being, as one might expect. A more clear break below 1.0938 from here might just add some further downside momentum, especially if stops and system based seller decide to jump in. The EUR/USD is currently trading at 1.0939
The noted earlier rebound in the USD/JPY has for now seemingly stalled ahead of the 152 handle. At the same time, the EUR/JPY has lifted off the lows...
Over the past few days your attention was drawn to a leading analyst call, for the GBP/JPY to drop to 180. Well, earlier today the Pound took a step...
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