EUR/USD retrenches slightly as 1.4450 caps

EUR/USD has pulled back to the low 1.4420s, a level that capped rallies earlier in the day. The market is having a tough time overcoming the 1.4450 level where another barrier is no doubt struck. Barriers have lowed the EUR/USD advance but have not stopped it.

With oil hovering around $112 so traders anticipate buyers to be lurking on any substantial pullback. Dip-buyers are seen toward 1.4390 near-term

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