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EUR/USD fighting back after Fed meeting
EUR/USD continues to trade in a 100-point range, with purchasing managers index (PMI) numbers this morning helping to put some fight back into the euro after a relatively hawkish Federal Reserve meeting yesterday.
Still, the price will need to clear $1.0950 to ensure further gains. Support is available around $1.0850 and then $1.0830, beyond which we look to the bottom of the April gap higher, at $1.0778.