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EUR/USD – Range-bound trading as ECB minutes offer nothing new

“That continues to be the key support level to watch out for and of course the support level for the month’s lows at 1.2212” reports forexlive.com. As such, the 100 and 200-hour MAs will be the levels to watch out for today for any bullish or bearish near-term break.Apart from that, there’s also a host of option expiries on the day that will keep the pair contained near current levels so expect more or less range-bound trading for the most part today.
 
Source: forexlive.com



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