EUR/USD opens 0.12% lower after failing to break above range-top

It traded as high as 1.1906 before tumbling to as low as 1.1799

Close below 1.1850 completes a bearish outside day

Move lower sparked by much better US PMI readings nL1N2I928I

Resistance at Nov 9 trend high at 1.1920 validated by price action

Support at 21-day MA (1.1793 today) also proved to be solid

EUR/USD range trading likely to continue in holiday affected week

Concerns that US economy will weaken offset by EZ economic concerns

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