As of this writing, this pair is testing a zone of support that sits between 1.0290 and 1.0300.

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After testing the resistance zone of 1.3100 to 1.3110 twice, the euro has been backing off a bit.

FORBES: Loonie Locked In Tepid Tango With Greenback

He hasn't been able to lay a new foundation, he said, because the national government keeps changing the requirements for soil testing and foundation design in his zone.

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Even with a newly expansionary ECB and governments delivering on reforms, the euro zone is certain to face further testing times this year.

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