EUR/USD Remains Range Bound Between 1.1550 And 1.16

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Since previous Friday, the EUR/USD pair has been hovering inside the narrow 50-pip range between two levels, namely 1.1550 and 1.16. Yesterday, even despite the euro's attempt to surge above the 2005 low/weekly PP, the common currency returned back to close just above the major level of 1.16. Therefore, it



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