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US/Europe divergence continues to support the Dollar- EUR/USD near session lows again

Now that the US stock markets have reopened, you can see the earlier indicated downside across those markets has not exactly played out as bad as it might have been on the opening. Of course that might change as the session develops, but what is clear; is that the reasons that have led the European markets lower this week and again today do not necessarily apply to the US. That is clearly well demonstrated by the falls in the EUR/USD right now. It is under pressure and just now retested the session lows again and actually set a new low at 1.0669. It is above that low now, but for the time being it looks like any rallies will get stamped on, unless that equity/risk dynamic changes. The EUR/USD is currently trading at 1.0677
 

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