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EUR/USD misses out on $1.19
Steady gains remain the order of the day here, although the sharp spike to $1.19 has been knocked back for now.
A shallow overnight retracement has brought EUR/USD back to the 50-hour simple moving average (SMA) at $1.1830, from where it may continue to find support. It would still need a move below $1.1714 to even begin to suggest that the rally has run its course.