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EUR/USD Confined To A Range Below Resistance
After bouncing from support at 1.1714, EUR/USD posted small gains in early Asian trading but has fallen into a range with sellers holding the exchange rate below 1.1750. The economic calendar was light pertaining to EUR/USD today with heavy impacting releases focused on the Canadian economy. German producer prices were reported to rise 0.2% in July following an unchanged reading in the prior month. The ECB reported a trade surplus of 21.2 billion euros in June which was less than the analyst consensus for a surplus of 27.3 billion. Volatility is likely to slow down for EUR/USD next week as the only economic release ... (full story)