Tracking the Specialists.
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EUR/USD: stuck in range, heavy
The EUR/USD refuses to move this Monday trapped in a 35 pips range since early Asian opening. Hovering around 1.3320, 23.6% retracement of the 1.3038/1.3403 rally, the pair lacks technical definitions both, in the 1 and 4 hours chart, as indicators in both time frame remain flat around their midlines. With the US closed on holidays, the only risk factor for today comes from ongoing EU finance ministers’ meeting, going on in Brussels. The meetings, that will continue this week, are meant to kick start the policies promised last year. However, they are not expected to made big announcements today. As for the short ... (full story)