On Thursday, EUR/USD reached a minor correction high. The test of the 1.3107/34 resistance area continues, but no clear break occurred (yet). Intraday, EUR/USD changed hands in the 1.3075 area at the start of European trading. There was again hardly any news to guide trading. Even so, European equities soon turned north again and this positive tone also supported EUR/USD. The Italian bond auction was mixed, but it didn’t affect trading on global markets. At around noon, the euro succeeded another upleg. The move was again said to be driven by EUR/JPY buying.
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