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EURUSD defines 100 pip range
The EURUSD low today extended below a support level at the 1.0560 level by 10 pips (low came in at 1.0550). The 1.0560 level represents the swing low from April 2003. The price has used the level as a floor and ceiling over the last few days of trading. On the topside, the 1.0634 – 44 has a number of highs also over the last few days of trading. The high today extended to a high of 1.0650 - just above that extreme. So traders took a little liberty at the top and at the bottom in trading today. In the process, a range of 100 pips has been established and the price currently trades near the center of that range (at ... (full story)