“We see the Euro trading within a flat, unclear trend on Tuesday.
We expect the Euro to remain bound within the 1.1340 – 1.1490 during most to today’s trading activity. At this point, we are more inclined to see the Euro re-test the lower boundary of the aforementioned range.”
Euro did not re-test the lower boundary as previously anticipated, but rather, pushed higher above the upper boundary, and due to weaker momentum, likely to re-visit 1.1495 and 1.148.
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