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EUR/USD slips as DAX tests 18k following Lagarde comments

The ECB boss, Christine Lagarde has been talking on the wires this morning and so far her comments have been taken as dovish and that has pushed the EUR/USD down to below that 200 day moving average again. The risk of that was highlighted here earlier today. The drop back in the EUR/USD has also helped to push the DAX to test that 18k handle again and right now the DAX is really outperforming the CAC 40 (still negatively impacted by the luxury goods sector) and the FTSE 100 too. Meantime, the price action around that 1.0840 level is pretty sticky and we have to see, if that delivers a deeper breach than it did yesterday. The EUR/USD is currently trading at 1.0842 

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