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EUR/USD

EUR/USD: Around a 1.0490/1.0590 range. We indicated yesterday that ‘unless EUR can move and stay above 1.0610 by end of today, it is more likely that this pair has moved into a consolidation phase’. EUR closed at 1.0540 and from here we expect this pair to trade sideways around a 1.0490/1.0590 range.
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