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Once again the EUR/USD fails to take full advantage of US data

Granted the EUR/USD is a little higher following the weaker than expected US ISM report, but given how weak that data was, the Euro has really failed again to make much headway yet. Perhaps that will come as the afternoon progresses, but right now the upside reaction can only be described as tepid. The same applies to the GBP/USD as well for that matter. So, unless the EUR/USD can invite some buyers, it remains at risk of another relapse and this time, if that happens, it might not stop just underneath the 1.0800 handle. The EUR/USD is trying to pick up a bit now though, but overall I am rather disappointed by the reaction thus far. The EUR/USD is currently trading at 1.0818

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