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EUR/USD holding 1.09 so far this morning
The drop black in the EUR/USD from an intraday double top at 1.0965 yesterday was covered here in the evening. The EUR/USD later closed in the US at 1.0911. It has not really bounced much at all so far today (1.0923 the high) and just now it is threatening that 1.09 handle again. The low seen yesterday was set at exactly 1.0900. The fact that the EUR/USD has already met a technical rebound objective at 1.0960 yesterday is not something to ignore. The failure to reclaim there 1.10 handle ahead of the US holidays could just be due to profit-taking ahead of that, but it is unclear at this stage. Beyond the 1.09 handle, the first, already noted support remains at 1.0862. The low seen so far today has been set at 1.0905. It is currently trading at 1.0907
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