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EUR/USD – Settles Around 1.30
The only thing the Euro has done in the last 24 hours is drop sharply back down to 1.30 from its previous trading level around 1.3050. In the prior 24 hours, it also moved very little as it appeared to be taking a breather and waiting for some direction. To finish off last week, it moved a little towards 1.31 but eased back and settled right around 1.3050. Over the last couple of days of last week, the Euro surged up towards 1.32 and ran into a wall of resistance at that level, to then be followed by a sharp fall back towards another key level in 1.30. Once it traded up to 1.32, it did run into a wall of resistance ... (full story)