Euro struggles to rebound

FX:EURUSD   Euro / U.S. Dollar
Last two sessions euro advanced ending five streight sessions of losses against the dollar. The pair is holding around 1.1100 thresholds. It fell below the lower band of the sideway channel. Gains are capped amid Italian government crisis. PMI data due tomorrow will depict a more clear picture of the economic conditions. Expectations are held at a slightly lower level than the previous month. The pair will move in a tight range between 1.11520 and 1.1080.
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