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Yesterday the observation of the markets looking to sell EUR/USD rallies ahead of 1.0673 was pretty much on the money. The first attempt at that level saw the EUR/USD drop back to 1.0630 and the second attempt into the 4pm London Fix saw another rebound blow out at 1.0674. The EUR/USD later closed in the US at 1.0661. Earlier today it dropped back again, but so far it has not broken any new ground on the downside. The low so far has been set at 1.0641. The range has been covered by that and an earlier high at 1.0664. The Euro is still subject to further dollar strength it seems and unless anything changes in that regard, the topside looks limited for the EUR/USD this side of the weekend. It is just now trading at 1.0651
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
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