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Not yet! EUR/USD rejects 1.2650 again

FXStreet (San Francisco) - A new attempt to break above the 1.2650 and another rejection. The EUR/USD rose 70 pips from 1.2580 in the early American morning to test the 1.2650 again; however the pair found selling interest that launched it back to 1.2615.

Currently, EUR/USD is trading at 1.2626, down 0.21% on the day, having posted a daily high at 1.2665 and low at 1.2584. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.

EUR/USD sentiment

The Dollar took a hit from slump in yields as it was "down near 4 bp so far today, down to 2.387%. That's down from 2.65% less than a month ago," as Jamie Coleman from FXBeat informed previously. However the greenback managed to recover some ground and the EUR/USD remains below the 1.2650 key level.

If the pair breaks above the 1.2650, next resistances are at 1.2660, 1.2700 and 1.2750. On the downside, supports re at 1.2580, 1.2560 and 1.2500.

RBA signals AUD is high yet greenback unwinding

AUD/USD is trading at 0.8811, up 0.57% on the day, having posted a daily high at 0.8836 and low at 0.8727.
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