EUR/USD clawing back lost ground
The threat of some significant buying interest at 1.3925 has dulled the bear’s appetite for risk and shorts have continued to book profits on the EUR/USD, with the pair back again towards 1.40. Dealers report a mixed bag of selling interest and trailing stops above the figure. The previous high/low pivot at 1.4050/65 should prove a more substantial obstacle and frustrated longs will undoubtedly start easing out of their positions if that resistance holds.

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