The EUR/USD Crosses 0.9700 and Smiles Again.

 

Around the 0.9700 region, the EUR/USD fluctuates between gains and losses. On Tuesday, the dollar seemed modestly bid over the 113.00 barrier. Italian Industrial Production is the next item on the agenda, in ECB-speak.

In the 0.9670 area, the EUR/USD pair seems to have some resistance. It is now trying to climb back up to the 0.9700 barrier and above.

Risk patterns as EUR/USD look to the USD

After four straight days of losses, the EUR/USD shows some signs of life as it holds around the 0.9700 level on Tuesday.

The pair’s bullish effort coincides with the dollar’s marginal gains and a sudden rise in the benchmark 10-year German bond, reaching new 11-year highs of over 2.35% earlier in the week.

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EDGE-FOREX

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