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EUR/USD: What Triggered The Reversal?

posted by Avatar fx360 1073 days ago in USD, EUR, Technical made popular 1073 days ago

What started off as a quiet session in the FX markets turned out to be an active one intraday. The dollar initially sold off on good U.S. data as traders took on greater risk by moving back into higher yielding currencies. However around 1:30pm Eastern Time, the dollar began to strengthen significantly, driving the EUR/USD into negative territory.
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