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Home » EURO » EUR/USD Trade Near Support 1.1000

EUR/USD Trade Near Support 1.1000

EUR/USD Spot keeps the trade within a narrow range for the time being, although pullbacks seem to have found quite decent support in the 1.10 neighborhood ahead of the opening bell in London.
Equity markets have closed in a ‘sea of red’ in Asia, allowing the resurgence of some risk aversion, sustained at the same time by a continuation of the correction lower in crude oil prices.
Nothing of note data wise in Euro land, whereas New Home Sales, the weekly report on inventories by EIA and speeches by Fed’s Bullard and Kaplan are all due across the pond.

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