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Oct 11 - 02:55 PM

EUR/USD: May Test 1.15 Support On FOMC Minutes Release On Wed; EUR/GB: 0.8450 A Tough Nut To Crack - ING

By eFXdata  —  Oct 11 - 01:30 PM

ING Research summarizes its short-term bias on EUR/USD and EUR/GBP.

"1.1500 remains very big support for EUR/USD and which may be tested on Wednesday on the release of US CPI/FOMC minutes. Trading may be subdued today for the US Columbus Day holiday," ING notes.

"0.8450/8470 looks a tough nut to crack on the EUR/GBP downside, but for those that like GBP,  GBP/JPY looks set to retest the 156 high," ING adds.

Source:
ING Research/Market Commentary

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