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EUR/USD July 4 – Calm Before the Storm
Euro dollar is steady in range as the very busy week is about to unfold,. In the meantime, Independence Day in the US slows things down. A move higher was erased by fears of complications around the private sector contribution for Greece. Will a selective default be announced in any case? Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Active start to the week saw the pair rise above 1.4550 only to drop lower soon afterwards. Current range 1.4450 to 1.4550. Further levels in both directions: Below 1.4450, 1.4375, 1.4282, 1.4220, 1.4160, ... (full story)