EUR/USD edges back above 1.2700 after post-payrolls dip

EUR/USD fell to 1.2675 after very impressive employment report but we’ve since bounced back to the 1.2710 area. Traders report that several Latin American central banks have left orders to sell into EUR/USD strength on rallies, so perhaps we can see some range trade play out between say 1.2650 and 1.2750. Range trade would do the market some good.

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