1.3080 tested after data

Traders report steady buying of dollars across the board from real money accounts this morning and the fairly firm US retail sales data is unlikely to alter that trend.

EUR/USD has fallen to test yesterday’s lows around the 1.3080 area which is holding so far.

If 1.3080 gives way, the 1.3058 is further support, the 50% retracement of the 1.2625/1.3490 rally.

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