 | |  | | EUR/USD: Talk Of Buying Interest On Dips
Sydney, July 26
The EUR/USD tested the 20-day MA around 1.3715 in early trading, as the bid USD/JPY is giving the dollar a broadly bid tone. Traders say that there are a few stops below 1.3695, but there is talk of good buying interest from sovereign names between 1.3650/80 that should discourage aggressive attempts lower. The 38.2 fibo of the recent 1.3260/1.3855 move comes in around 1.3630 and a break below this level would suggest that a deeper correction is underway. |  |  |  |  |
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