Eur/usd - 1.4212 ... The single currency traded in a relatively narrow range of 1.4190-1.4225 in Asian morning after failing to 'take out' stops below y'day's 1.4177 low. Traders are reluctant to enter large position ahead of the release of eurozone GDP n PPI at 09:00GMT. At the moment, cross-related offers (risk aversion) are building fm 1.4220 up to 1.4250 n more selling interest fm various accounts located at 1.4270/80 n 1.4300 with stops only emerging abv 1.4340/50, while fresh bids (some are for profit-taking purposes) are reported fm 1.4200 down to 1.4180 with demand fm sovereign placed at 1.4150 n 1.4100/10 as previous mentioned.
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