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EUR/USD upended by surprisingly strong US payroll gains and EU election results

As reported here on Friday, the news that US payrolls unexpectedly grew by 272k in May sent the dollar charging higher and that completely upended the Euro. Eventually the EUR/USD fell back to a low at exactly 1.0800 and subsequently closed for the week right on that low, at 1.0801. The news over the weekend; of a lurch to the far right in the EU elections has unhinged the EUR/USD some more. So, now it has fallen to below 1.0750 earlier today. That means it has taken out its 200 day moving average this time (now at 1.0789). The low seen so far today has been set at 1.0748. The earlier high was set at 1.0809. The EUR/USD is currently trading at 1.0755
 

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