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Greenback Extends Slippage in Early European Trade

USD
  • Greenback seeing another wave of weakness in early Europe, with the price action to far reminiscent of the USD dip after the US equity open yesterday.
  • EUR/USD now back to parity for the first time since mid-September. This puts the pair through resistance at the early October highs (0.9999) to narrow the gap with the next upside levels at 1.0051 and the 100-dma of 1.0094.

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