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EUR/USD at 1.25 As Markets Eye Draghi Testimony – MP

FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse notes EUR/USD had an uneventful week, and this lack of activity has continued today as the pair trades close to the 1.25 line.

Key Quotes

“EUR/USD gained ground in the Asian session but and tested resistance at 1.2518 before reversing directions and posting sharp losses. The euro remains under pressure in European trade.”

“On the downside, 1.2407 is a strong support level.”

“1.2518 was breached earlier but recovered. It remains a weak resistance line which could see more action during the day.”

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