5 September 2002, 14:49  EUR/USD close to parity

EUR/USD came back yesterday towards 0.9900 and moved between 0.9910 et 0.9945 in the Asian session. The German data releases expected today are unlikely to affect the euro. EUR/USD should confine at first in a narrow 0.9900/0.9975 range and any move towards either end of that range will be initiated by the direction in US stocks. The main bias remains skewed towards an upside breakout. EUR/USD traded at 0.9950 in early European session //www.idealforex.sg-ib.com

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