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EUR/USD slips back towards session lows

There was an earlier rebound in the EUR/USD today and that saw it rise from a new low set since yesterday, at 1.1044. That rebound took it briefly back above 1.1080, but over the past 30 minutes the price has been tailing off again. It has not yet broken to a new low on the session, but it is not far off doing so. There is a short term support level in place at 1.1041, which is a minor Fibonacci correction level, but sure is not something to hang your hat on, if the current session low, at 1.1044 does give way this afternoon. As noted here earlier today the acid test for the Dollar (and the Euro too for that matter) will be what, if any orders might show up for the final 4pm GMT London fix of the year. The EUR/USD is currently trading at 1.1053

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