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EUR/USD stationed on the bid

FXStreet (Barcelona) - EUR/USD is trading at 1.2734, up 0.52% on the day, having posted a daily high at 1.2750 and low at 1.2623.

EUR/USD has maintained a bid tone after rallying 90 pips on the back of todays key event. The FOMC minutes explained that a stronger US dollar is a concern and the minutes also discussed other threats such as weaker global growth. Guidance will continue to be data dependant but there are no commitments that are being made in respect of timings. All in all, the greenback is offered and a continuation of unwinding proceeds.

EUR/USD noteworthy levels

Current price is 1.2735, with resistance ahead at 1.2744 (Daily Classic R2), 1.2750, 1.2776 (Daily 20 SMA), 1.2794 (Weekly Classic R2) and 1.2806 (Daily Classic R3). Next support to the downside can be found at 1.2707 (Daily Classic R1), 1.2683, 1.2669 and 1.2664 (Hourly 20 EMA).

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