Euro gives back modest gains, sideways range continues

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The euro is trading weaker on the day, giving up some of the gains from the previous session.

This comes as the US dollar index is posting gains for the third consecutive session.

But EURUSD price action remains muted. So far, prices are range-bound, meaning that unless we see a breakout lower, the common currency could be caught within the 1.10950 and 1.0787 levels.

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