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Dollar holds near recent lows

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Friday, the dollar entered calmer waters after being in the defensive for most of last week. EUR/USD stabilised in the upper half of 1.13 in the wake of Thursday’s soft ECB talk. However, a real decline of the euro didn’t occur. The pair even rebounded later to close the day at 1.1399 (1.1378 on Thursday). An intraday rebound of USD/JPY also couldn’t be maintained. The pair rebounded as risk sentiment improved and as (Brent) oil rebounded well north of $41/barrel. However, the pair also

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