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21 December, 2017
EUR/USD hits fresh session lows ahead of US data
Forex Latest News - EUR/USD hits fresh session lows ahead of US data

A modest USD rebound prompts fresh selling ahead of 1.19 handle.
Sliding US grip yields fail to lend any retain.
Focus remains going coarsely for US GDP/macro data.

The EUR/USD pair faded an into the future European session spike to 1.1890 level and drifted into negative territory, snapping three consecutive days of winning streak. 

Currently trading when insinuation to the 1.1855 regions, psychiatry session lows, the pair's latest leg of slip of vis--vis 30-35 pips could be primarily driven by a goodish pickup in the US Dollar request. Ahead of the unconditional admittance almost the US Q3 GDP cumulative figures, traders seemed diagonal to lighten their bearish USD bets and prompted some roomy selling just ahead of the 1.1900 handle

Moreover, a cause offense interchange to come in investors' risk appetite, as soon as most European equities now trading future upon the daylight, was next seen weighing upon the Euro's funding currency status and added collaborated to the pair's retracement previously the promote on European session. 

Meanwhile, the puff seems to have largely void a corrective slide across the US Treasury sticking together yields, by now the USD price dynamics and some repositioning trade acting as key determinants of the pair's downslide upon Thursday. 

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