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EUR/USD not impressing again this morning
Yesterday the failure of the EUR/USD to drive home what was an immediate US data delivered advantage saw the Euro eventually fall back to a low at 1.0720. It held that level and later closed in the US at 1.0740. Earlier today it could not build on that rebound and has fallen back to fresh session lows just now. The failure of the Euro to get above its 50 day moving average (then at 1.0777 and now in place at 1.0778) yesterday is a negative from a technical perspective and the slight dip in US yields this morning is something to note right now too, because it is not helping the EUR/USD so far today. The EUR/USD is currently trading at 1.0729
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DAX approaching new records as ZEW looms
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