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EUR/USD takes on an easier tone

By   || July 13, 2010 at 18:01 GMT
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EUR/USD is doing a bit of backing and filling, easing back toward the 1.2700 level. Traders note some selling from a Middle Eastern central bank, not one of the larger players as they have no oil reserves.

Next support for EUR/USD is the 1.2677 level. A test and hold of the trendline would be a bullish scenario, the textbook tells us…

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