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EUR/USD Sitting on 100HR MAVG

Written November 16, 2009 at 10:41 PM EST by Alex Chernomordin 

The EUR/USD had a volatile day moving lower initially on the positive USD comments from Fed Chairman Bernanke, before quickly recovering on Euro value buying at the lows. The pair has moved lower in Asian trading as the risk and commodity pairs lost their bid on the back of mixed RBA minutes with some dovish over tones and a lower Nikkei, with US equity futures also trading lower.

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