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    EUR/USD's Friday trading range surged above 100 pips

    © Dukascopy Bank SA
    "The stakes are too high for the euro area and mostly for Greece, as the country's economy and especially banking system may face an imminent collapse."
    - Athens University of Economic and Business (based on Bloomberg)

    Pair's Outlook
    Last Friday, EUR/USD traded in a rather wide range of around 130 pips, the highest since February 6. The lowest mark was registered below the 1.13 major level. Despite that, the single currency managed to rebound toward 1.1380 and close just below this level, thus posting a small daily net increase of around 15 pips. At the moment the pair is well supported by the weekly PP at 1.1368, which will try to push the pair above 1.14 in the near term. 

    Traders' Sentiment
    Bullish opened positions at SWFX continue to hover just below 50%, with as many as 49% of them registered in the morning on Monday. On the other hand, SWFX pending orders to buy the Euro in 100-pip range from the spot advanced to 51%.

    © Dukascopy Bank SA

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