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EUR/USD mostly holding above 1.03 this morning as 1.0335 remains a level of interest
As you know the EUR/USD sank to a new low 2 year low last week, when it tumbled to 1.0226. The rebound from that low on Thursday saw it push back above 1.03 on Friday and it later closed ahead of the weekend at 1.0308. The price action so far today has seen that covered by 1.0295 to 1.0318 and for the most part so far today it has held above that 1.03 handle. However, and as noted last week, the 1.0335 breakdown level from last week is still yet to be tested on the way back up. That remains a key level and it remains to be seen, if the rebound from the 1.0226 low will have enough momentum to test this level. We shall see in due course perhaps. The EUR/USD is currently trading at 1.0310
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