Fed Beige Book coming out in few minutes
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Heads up for Feds Beige Book: The overall message from the Feds Beige Book last time was that economic activity expanded as a somewhat stronger pace than in the previous reporting period and labor markets had tightened although wage growth around the nation was generally modest.
EUR/USD opened at 1.2540 last time and went to a 1.2570 high before ASIA.
So any deviation to a more dovish statement should send the USD weaker. Especially housing should be kept an eye on as further softening should also hurt the USD.
Expect EUR/USD to find support intra-day in the 1.3090-1.3130 area with likely small stops below support with the pair capped around the 1.3175-00 area.
Tommorrows PCE core for October should provide further volatility in USD/Majors
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