EURUSD forex currency pair illustration. EU and American flag, w

EUR/USD is Trading Range-Bound with Slight Positive Bias

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

EUR/USD: The pair is trading range-bound with slight positive bias. But blow from back to back disappointing data has clearly weighed down EURO bulls leading to price falling below 1.08 handle. Firm USD backed by broad market cautious tone keeps price trapped within range of 1.075 handle to 1.08 handle. Traders now await US data for short term profit opportunities. 

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