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Directional FX Price Action on Standby
Asian session was quiet as markets began bracing themselves for tomorrow's ECB meeting. Risk appetite was muted as equity indices painted a mixed picture. EURUSD provided a solid U-shaped path trading from 1.2770 to 1.2730 then back to 1.2780. The correlation between EURUSD and its interest rate differential remains high so any directional price action will probability wait till tomorrow ECB... ...More...
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