Wednesday, October 23, 2013

EUR/USD Stabilizes Just Below 1.38

On Wednesday Euro/Dollar traded within narrow 50 pip range. The European currency depreciated from 1.3793 to 1.3740 yesterday, not matching the positive money flow sentiment at nearly +17%, closing the day at 1.3773. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now.



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