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EUR/USD has a look back above 1.1100 this morning
The price action in the EUR/USD, which saw it reach a high at 1.1144 yesterday then delivered a pullback towards 1.10 heading into US close. The Euro later closed in the US at 1.1052. The price action today has seen the Euro push back above that 1.11 handle in Asian trading. The price action is still volatile though and the dollar overall is still under pressure. The prospect of more upside is still very much on the table for the EUR/USD today. Of course we do have the US monthly jobs report due out later today, but as noted here yesterday, it is doubtful any US data will have more than just a passing impact, unless it endorses the direction of the markets right now. There will be more to add on all that as the morning unfolds. The range seen so far today in the EUR/USD has been covered by 1.1037 to 1.1108, but it is doubtful that range will hold by the close tonight. The EUR/USD is right now trading at 1.1082
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