FX & CFD trading involves significant risk
The pare tested demand placed between $1.4280/70, the area covering the 55-dma at $1.4272/70, with market continuing to slowly pare back euro longs ahead of the NY open. A break of $1.4270 to allow for a deeper move toward $1.4245/40 ($1.4244 61.8% $1.4184/1.4340). Resistance remains at $1.4340/50.
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