EUR/USD Continues to Trade on a Positive Note but Remains Trapped

EUR/USD Hourly (H1) Chart
EUR/USD Hourly (H1) Chart

EUR/USD: The pair continues to trade on a positive note but remains trapped within a familiar price range in 1.08 handle. Positive industrial production data and weak USD support EURO bulls for now, but given lack of fundamental strength for Euro, the pair is likely to fall below the 1.0800 handle in case USD regains strength. Traders now await Powell Speech & PPI data for short term profit opportunities. 

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