Forex: Euro flits between highs and lows, settling in range
Thu, Mar 11 2010, 16:16 GMT
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FXstreet.com (London) - EUR/USD has fallen back into its range prior to the jobs release this lunchtime. The US macro data forced some big flows and volatility followed for the currency immediately following the release. However despite making intraday highs and lows in recent hours, pair now trade again in 1.3665-1.3650 range, quoting 1.3661.
Valeria Bednarik, Independent Analyst at FXstreet.com, sees a bearish bais for the pair following the data release: "quickly losing strength after US data, pair is breaking trough 1.3640 support zone. Approaching to 1.3600/10, hourly charts show slightly bearish indicators at this point.."

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