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EUR/USD shoots higher near 1.1450

FXStreet (Edinburgh) - The buying interest is now gathering steam around the common currency, pushing EUR/USD to test daily lows near 1.1450.

EUR/USD in multi-week tops

The pair has resumed the upside bias seen after the Fed left its monetary policy unchanged on Thursday, trading in multi-week levels in the mid-1.1400s. Collaborating with the upside, the greenback is extending its downbeat mood today in response to the unexpected dovish tone struck by the Committee yesterday.

In the data front, EMU’s Current Account surplus has surpassed previous estimates, coming in at a seasonally adjusted €22.6 billion during July, down from June’s €24,9 billion (revised). Across the pond, the only release will be CB’s Leading Indicator, seen at 0.2% inter-month in August.

EUR/USD key levels

The pair is up 0.10% at 1.1445 and a breakout of 1.1493 (high Aug.25) would open the door to 1.1523 (high Aug.26) and then 1.1578 (high Aug.25). On the other hand, the initial support aligns at 1.1390 (low Sep.18) ahead of 1.1284 (low Sep.17) and finally 1.1258 (low Sep.15).

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