EURUSD – 1.4470 @07:01 GMT
Good morning. Range bound trading continues as the euro has failed to break above 1.4520 but found support after pulling back to 1.4380 amid European debt concern. Technically – bias is still to the upside and I’m still looking for a break above 1.4500/20 in the coming days/next week, but I’m carefully watching support zone into the 1.4250-1.4350 range if the euro shows weakness, considering short term selling opportunities on the breakdown. Today’s most important event in the FX Calendar is the US CPI data Read More
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