EUR/USD is trading in a narrow low range and consolidating the big fall that came after the near simultaneous easing steps from the UK, China and especially the ECB, which also eliminated its deposit rate to 0%. Draghi’s words about downside risks having materialized aren’t helping the pair, but it could get some help from an upside surprise in the Non-Farm Payrolls, which promises a strong close to a volatile week.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-july-6-licking-wounds-after-global-easing-before-nfp/"]EUR/USD Licking the Wounds After Global Easing, Before NFP[/URL][/I][/B]
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