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Session recap: Majors bounced as Germany fueled the Euro; Optimism

FXStreet (San Francisco) - There was an optimistic day in the field of investments as market players were still digesting the China and ECB's measures to power economies. In addition, Germany published a surprisingly good IFO report. The data in the US were regular, but the Thanksgiving's goodwill fed the hearts of the currency markets and Wall Street.

The EUR/USD rose for the first time in three days but profits were less than half of the losses on Friday. The pair bounced off 1.2360 and closed at 1.2440. "Technically," Valeria Bednarik from FXStreet comments, "the 1 hour chart shows a mild positive tone coming from technical readings, with 20 SMA turning higher below current price and nearing the 23.6% retracement of the same rally around 1.2405, while indicators stand directionless above their midlines."

The GBP/USD closed positive but it remains inside its previous days' range between 1.5600 and 1.5730. USD/JPY closed positive but movements were overall sideways as the pair is trading in consolidation mode just above 117.50.

Crude Oil declined for the first time after three positive session as the energy fell to close at $75.66. The gold traded in consolidation mood around the 1,200 area but it performed negative on the day after losing 0.03% to 1,197.00.

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