EUR/USD eyes second daily drop as dollar regains some composure ...Middle East

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EUR/USD eyes second daily drop as dollar regains some composure
After a run up against the 1.0800 level on Friday, EUR/USD is not finding much follow through to take another run at the key level. The 200-day moving average (blue line) also saw sellers step in, with price now falling to 1.0730 levels. This sets up a potential back-to-back daily drop for the pair for the first time in three weeks:The nudge lower today also owes to the dollar regaining some composure after last week's fall. The greenback is sitting higher in trading today, starting to stretch its muscles a bit now. Looking to the near-term chart:The pair has also dropped below its 100-hour moving average (red line) in trading today. That sees the near-term bias now shift to being more neutr

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