The EUR/USD failed to extend its bounce above the 100−hour SMA that stands at the 1.3760 zone and entered a consolidation phase just below that level in the absence of market−moving data or other developments to trigger new movements in the pair.
The US stocks markets continue with its cold feet as investors are speculating where and how the fed will start its QE tapering. The Dow posted second straight day of 3−digit decline to, besides the S&P, touched 1−month lows in the session.
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