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EUR/USD holds 1.06 at the second time of asking- will there be a third?

Yesterday morning the EUR/USD managed to stave off a fall below the 1.06 handle. It based out at 1.0602 and then lifted to a high at 1.0654 ahead of the US stock market opening. However, after the European close, the comments from the Fed boss, Jerome Powell walking back his hitherto dovish language, pushed it all the way back down again. The EUR/USD fell to a new low on the day at 1.0601, but somehow it managed to avoid a fall below that 1.06 handle. The EUR/USD later closed in the US at 1.0619. It has not made any further progress so far today and remains under pressure as US yields continue to underpin the US currency. There was clearly a decent sized buyer around that 1.06 handle yesterday, but it remains to be seen, if that will be the case again today. The range seen so far has been covered by 1.0606 to 1.0636. It is just now trading at 1.0616, as it gets a slight following wind from the rise in the GBP/USD just now 
 

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