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EUR/USD shaken post-Draghi; but price remains similar

FXStreet (San Francisco) - The EUR/USD performed a wild 2 hours with ECB's Draghi speech in the background. The EUR/USD fell to 1.2615 just to bounce to 1.2680 and then back to 1.2625. Now it is pricing above 1.2650.

Currently, EUR/USD is trading at 1.2651, up 0.23% on the day, having posted a daily high at 1.2692 and low at 1.2614. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

EUR/USD sentiment

"EUR/USD easing further, now at 1.2631," comments Jamie Coleman from FXBeat. "If ABS/covered bond buying were blocked, that would likely be euro supportive, but the legal process will take a long time to play out, if initiated, so not a major near-term concern."

Resistances are at 1.2690, 1.2700 and 1.2715. Supports are at 1.2625, 1.2615 and 1.2590.

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