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EUR/USD touched and then bounced off the near-term support line at 1.0766, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports.

Key quotes

“We may see a recovery to the top of the range at 1.0998. This latter level will be reinforced by the 200-day ma at 1.1028, currently.” 

“Below 1.0766 will target the 1.0727 24th April low and potentially the 1.0636 March low and the 1.0340 2017 low.”