The Euro (EUR) the EUR/USD broke the key 1.3000 level going into the US session but support was found at 1.2966 and we bounced back above the figure after EUR/JPY soared into the close. The market has been consolidating so far in Asia but the trend is lower and the 200Day moving average is at 1.2850. The situation in Italy is still unresolved and adding uncertainty to the market helping the sellers remain in control.
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