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Forex pairs in this Article » EUR/USD (Edinburgh) -The shared currency is navigating in a narrow range on Friday, driving the EUR/USD around 1.3630/25 amidst the ongoing political stalemate across the pond.

EUR/USD posed to rangebound

The irrelevant euro docket plus the absence of releases in the US economy would leave the pair to the mercy of the risk trends today. The risk aversion is creeping back to the markets against the backdrop of the fourth day of the US shutdown and the proximity of the debt ceiling deadline on October 17th. In the data front, German Producer Prices contracted 0.1% on a monthly basis in August and 0.5% over the last twelve months.

EUR/USD key levels

The pair is now up 0.04% at 1.3625 with the next resistance at 1.3660 (high Feb.4) followed by 1.3680 (161.8% Fib projection) and then 1.3711 (2013 high Feb.1). On the downside, a break below 1.3578 (low Oct.3) would expose 1.3526 (MA10d) and finally 1.3505 (low Oct.2).
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