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EUR/USD stubbornly clinging to 1.05 ahead of US data and Fed Speakers this afternoon

The price action in the EUR/USD has seen it come close to testing the 1.05 handle a few times this morning, but so far that level has held firm and it is still capping the downside. As to whether that remains the case all day is a different matter of course. Now, there is not much on the US economic release calendar today, with the latest weekly jobless claims really stealing that show, such as it is. Of course the main event for the rest of this week is the monthly jobs report tomorrow and there will be more to add on that in due course. Outside of the US data calendar we do have a number of Fed speakers due to talk this afternoon and a few more from the ECB too. So, there is potential for some price action at several intervals this afternoon, depending on what comments emerge. Meantime, the EUR/USD is just now trading at 1.0510

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