EURUSD shows signs of life at the expense of the dollar

Some light relief for the euro in an otherwise dull day

1.0690 was resistance earlier on today and the price is knocking there again now.

EURUSD 15m chart

Expect resistance from here to 1.0700 and the late US high at 1.0705, then 1.0710/15, if these muted moves continue. If we get a bigger breakdown in USDJPY then we'll naturally see a bigger acceleration into 1.0700.

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