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EUR/USD recovers eye on CPI data

The EUR/USD pair has recovered the positive territory after bouncing off fresh lows in the mid-1.0900s on Wednesday, the lowest level in the last three weeks and home of the 100-day SMA.
Risk trends lack of a clear direction for the time being, with Asian markets closing in a mixed fashion and Chinese equities down more than 4%.

Today Economic data German HICP are due later followed by EMU’s credit figures and the more relevant final CPI reading for the month of January. Across the pond, speeches by Fed’s Lockhart and Williams, Durable Goods Orders and Initial Claims will be in the limelight.

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