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EUR/USD Erases Entirety of Post-Powell Weakness

EUR
  • With the latest move higher, EUR/USD has now fully reversed the Tuesday Powell-inspired leg lower, with prices now at the week's best levels.
  • Key short-term resistance at 1.0694 has now given way, opening Feb15's 1.0745 for direction. The 50-dma also sits above at 1.0723.

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