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The euro is consolidating its rebound gains after putting in a low early in NY trade. A variety of buyers have been rumored including Mid East accounts buying through a French bank as well as a US bank buying a yard of EUR/USD from the low 1.30s on the way back up from session lows.
US equities are in positive territory at the moment after upbeat consumer confidence data, an improved Richmond Fed survey and a slowdown in the fall in housing prices.
The 10-day moving average at 1.3077 is providing a minor drag on prices near-term.1.3087 is further resistance.
