After sliding over 100 pips throughout the day, the EUR/USD managed to halt its decline at the 1.3280 zone and trimmed intraday losses, as risk sentiment improved and US stocks turned positive during the American afternoon.
EUR/USD bounced off lows and managed to regain the 1.3300 level, climbing as high as 1.3330 before the 100-hour SMA offered resistance. At time of writing, EUR/USD is trading at the 1.3320 area, 0.4% below its opening price. At these levels, EUR/USD is on track to close the week with a net loss of 0.3% having failed twice to break decisively above 1.3400.
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