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EUR/USD unable to break through $1.20
The bounce from yesterday’s lows is running out of steam, with the price for EUR/USD unable to push above $1.20. The lack of news flow is undoubtedly contributing to the euro’s relative quiet at present.
Targets on the upside remain at $1.2042 and then $1.2067, while it seems unwise to become bearish on the pair unless we see a move back below $1.18.