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EUR/USD pair remains trapped in a range

EUR/USD pair remains trapped in a range

 

The popular EUR/USD pair remains trapped in a range as it fell on Wednesday, but remained well within the range of 1.1200 to 1.1300 that we’ve seen recently. 

We don’t think traders will allow the pair out of this range ahead of next week’s U.S. monetary policy meeting, so look for the pair to continue bouncing back and forth until next Thursday.

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