Fri, 14 Nov 2014 08:35:33 GMT
EUR/USD hovers around weekly PP for fourth day
"The recovery is continuing, but it is a very weak recovery, which will remain slow."- Dekabank (based on Bloomberg)Pair's OutlookEUR/USD currency cross decided to trade in the narrow range between 1.2430 and 1.2475 for a fourth consecutive day. Yesterday, the pair gained some value to return back above the weekly pivot point, which is located at 1.2465. It seems that