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EUR/USD eyes $1.0835
As the second round of the French election creeps closer, it is not surprising to see the pair stuck below $1.0950. Upward gains will be hard to sustain until it is certain that Marine Le Pen will get nowhere near the levers of power.
A break above $1.0950 targets the descending trendline off the summer highs, which would imply a test of the zone around $1.10. For now $1.0906 is support once again, and then below this we look to $1.0829 and also the 200-day simple moving average (SMA) at $1.0835.
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