EUR-USD has traded moderately lower over the last day, partly on general dollar strength and partly on euro underperformance (EUR-JPY and other euro crosses are lower). The low was 1.0712, and this and 1.0700 mark nearer-term support levels. Resistance is marked at 1.0751 and 1.0782 (20-day moving average). The focus remains on next Greece-versus-Eurozone policymaker showdown, which will be staged at Friday's Eurogroup meeting, with odds for a Grexit scenario shortening significantly over the last week given Athens' intransigence to adopt reforms.
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