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EURUSD trades unchanged at 1.1990 and...>

EURO-DOLLAR
EURO-DOLLAR: EURUSD trades unchanged at 1.1990 and has stuck to a tight range in
Asia-Pacific hours.
- Despite the close below the 200-DMA on Tuesday (1.2016) adding weight to the
bearish case with immediate focus on the YtD low (1.1914), hesitation ahead of
this level combined with correcting oversold studies generates concern for
bears. In saying that, bulls still need a close above the April 27 low (1.2053).
- Focal points for EUR traders on Friday include EZ final services & composite
PMI readings, retail sales data & a speech from ECB's Weidmann.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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