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EUR/USD inches closer to the big line in the sand


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Pips away from the August low

Someone has to be thinking about trying to run some stops here. The fresh low in EUR/USD is 1.1305. The August low was 1.1301.

If that breaks, headlines will flash about the lowest rate since June 2017.

Watch for stops on a break.

With the fundamentals souring in Europe and the ECB out with a dovish comment today, it’s not looking good for the euro.

ForexLive

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