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Forex: EUR/USD sets the 1.2810 level as an inflection point

Probably against many people's expectations, EUR/USD has not fallen further below the 1.2750 mark, and instead, has printed a double low at that point, and now trades above the 1.2800 handle again. Last at 1.2830, finding resistance at previous weekly lows, the pair has been capped so far at yesterday's early NY trade highs 1.2840, jumping on the back of better than expected German retail sales figures for the month of February.
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