The euro showed very resilient of late

On Monday, EUR/USD was captured in a very narrow sideways trading range in the low 1.33 area. European equities opened in positive territory and maintained a cautiously positive bias throughout the day, but this was not enough to push EUR/USD out of the narrow intraday range. The Buba in its monthly report was rather positive on the prospects for early 2013. However, it was no big issue for EUR/USD trading. With no data on the agenda and the US closed in observance of Martin Luther King Day,

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