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EUR/USD in ranges above 1.2500

FXStreet (Córdoba) - The euro remained steady again the US dollar after the release of trade data from the US. EUR/USD continues to move in a range with support above 1.2500 and resistance below 1.2530.

The pair is rising modestly, recovering after reaching fresh 2014 lows yesterday at 1.2437. The pair peaked at 1.2531 during the Asian session and since then held near the highs but unable to break above 1.2530.

The trade deficit in the US in September rose to $43.03 B, above the $40B expected. It was the highest deficit since May. Greenback fell modestly after the report, but the forex market was mostly unaffected by the data.

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