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EUR/USD: Saved by EUR/JPY demand
Up beating US manufacturing data, along with the usual lack of commitment of G20 when it comes to forex rates, triggered a strong dollar rally across the board, hitting harder on yen, commodity currencies, and gold, that trades at levels not seen since August last year. The EUR/USD however, finds a reason to bounce higher, on strong EUR/JPY demand and positive stock, although the rally may be short lived. Ahead of US opening, the hourly chart shows price struggling around the 1.3350 static resistance level, while indicators stalled around their midlines. In the 4 hours chart indicators turned north yet far below ... (full story)
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