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Dollar still looking for guidance

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, USD trading developed in well-known territory as there were no important data. EUR/USD held a tight range near 1.14 for most of the session. The pair spiked to the mid 1.1450 area on rumours of a rift between the ECB and the German Finance Ministry on the ultra-easy monetary policy. However the gains could not be sustained. EUR/USD closed the session at 1.1408 (little changed from 1.1399 on Friday). USD/JPY rebounded off the recent lows due the a decent equity sentiment, but showed

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