On Monday, the dollar was in better shape, at least against the euro and the yen. There was no obvious explanation for the yesterday’s correction in EUR/USD. Technical considerations prevailed. Intraday, EUR/USD traded still near the recent highs at the start in Europe. However, the 1.3627 resistance stayed again out of reach. EUR/USD gradually came under pressure at the time when European manufacturing PMI’s filtered through. The decline accelerated after a poor Spanish PMI. However, we doubt
Reported by FXstreet.com 18 hours ago.
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